Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, 2020, nero company was authorized to

on january 1, 2020, nero company was authorized to issue 10,000 shares of P2 par...

70.2K

Verified Solution

Question

Accounting

on january 1, 2020, nero company was authorized to issue 10,000 shares of P2 par ordinary shares. given this infromation, if the company issued 3,000 shares of ordinary shares for 7 per share on january 10, 2020, the entryto record the issuance of the shares would include a :

a. credit to paid in capital in excess of par, ordinary shares of 6000

b. debit to cash of 6000

c. credit to ordinary shares of 6000

d. debit to cash of 15000

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

Q

Find the volume generated when the region bounded by the graphs of y x 2...

Geometry
Q

a.   Suppose that 5 % of the items produced by a factory are defective. If 5...

Basic Math
Q

Homo erectus -- One Species or Multiple Species?: Some hypothesize that Homo erectus should be subdivided into multiple...

Biology
Q

olve for A ou can resize a matrix when appropriate by clicking and dragging the...

Algebra
Q

1. Find the GCF of the following:a) xy, yx, xyb) x, x, xc) y(2y -...

Algebra
Q

4 10 points Use the Remainder Theorem and Synthetic Division to evaluate P c for...

Algebra
Q

The comparative balance sheets for Cullumber Corporation show the following information. ...

Accounting
Q

Help Save & E 29 Grove Corp. is considering the purchase of a new piece...

Accounting
Q

What are the advantages and disadvantages of deferred tax asset/ liability? Cite your work with...

Accounting
Q

Oxford Company has limited funds available for investment and must ration the funds among four...

Accounting
Q

Question 3 1 Point Euronotes take several forms; a euronote issuance facility (NIF) is one...

Finance
Q

parts, a,b,c,d P11-14 (similar to) Question Help O Terminal cash flow-Various lives and sale...

Finance