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Jahnke Corporation issued 10,000 shares of 2 par value ordinary shares for 11 per share....

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Accounting

    • Jahnke Corporation issued 10,000 shares of 2 par value ordinary shares for 11 per share. The journal entry to record the sale will include

    • A.a debit to Cash for20,000.

    • B.a debit to RetainedEarnings for 27,500.

    • C.a credit to Share PremiumOrdinary for 90,000.
    • D.a credit to Share CapitalOrdinary for 110,000.

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