Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. entity h issued 6,000 shares of its $1 par value c

Entity H issued 6,000 shares of its $1 par value common stock for $35 per...

80.2K

Verified Solution

Question

Accounting

Entity H issued 6,000 shares of its $1 par value common stock for $35 per share. Which of the following statements is correct? Hint: Make the journal entry first.
Entity H issued 6,000 shares of its $1 par value common stock for $35 per share. Which of the following statements is correct? Hint: Make the journal entry first.
Common stock should be credited for $6,000.
Cash should debited for $210,000.
Paid-in-capital-in-excess-of-par-value should be credited for $204,000.
All of the choices are correct.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Mechanical Engineering
1.2K views

1. A black thermocouple measures the temperature in a chamber with black walls. If the air...

Biology
1.2K views

which a character alor on stage verbalizes his her intern thoughts and only the audience...

Biology
1.2K views

In terrestrial environments net primary productivity is maximized under which of the following conditions Choose...

Basic Math
1.2K views

7. How many different 4-letter "words" can be made from the letters j, o, u,...

Calculus
1.2K views

ucture com courses 676833 quizzes 10 Google Docs myMCPS Classroom Quiz Instructions Question 4 M

Algebra
1.2K views

6 Cual de estas fracciones es igua a 1 2 O F 2 6 O...

Accounting
1.2K views

Spahr, Inc had beginning retained earnings of $105,000 on January 1 2024. During the year,Spahr...

Accounting
1.2K views

NOTE ALL parts are part of question 7 Superior Markets, Inc., operates three...

Accounting
1.2K views

Beale Management has a noncontributory, defined benefit pension plan. On December 31,2024(the end of Beale's...

Accounting
1.2K views

Sparkle Shoes Company issued ten-year, 7% bonds with a total face value of $1,800,000. The...

Accounting
1.2K views

Required information Use the following information for the Exercises 810 below. (Algo) (The following information...

Finance
1.2K views

(Related to Checkpoint 9.2) (Yield to maturity) The market price is $1,200 for a 10-year...