If Dakota Company issues 1,500 shares of $6 par common stock for $75,000, Group of answer choices Common Stock will be credited for

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If Dakota Company issues 1,500 shares of $6 par common stock for $75,000, Group of answer choices Common Stock will be credited for $75,000 Paid-In Capital in Excess of Par will be credited for $9,000 Paid-In Capital in Excess of Par will be credited for $66,000 Cash will be debited for $66,000

Miss Alice Doyle · Accepted Answer

Paid-In Capital in Excess of Par will be credited for $66,000Explanation:The journal entry to record the issuance of the shares is shown below:Cash Dr $75,000           To common Stock $9,000(1500 × $6)        To Paid in capital in excess of par $66,000(Being the issuance of the shares is recorded)Here cash is debited as it increased the assets and the other two accounts are credited as it increased the equity

Miss Alice Doyle · Answer

Setiap tindakan memiliki reaksi. ucapan itu ditulis oleh newton. itulah hukum ketiga-nya.

Miss Alice Doyle · Answer

a. money supply   have a good day

Natalie Goodwin

If Dakota Company issues 1,500 shares of $6 par common stock for $75,000, Group of answer choices Common Stock will be credited for

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