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  3. poration issued 3,500 shares of its no por common

poration issued 3,500 shares of its no por common stock of a cash price of...

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Accounting

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poration issued 3,500 shares of its no por common stock of a cash price of $13 per thare. The entry to record this tronsoction would be: the first interest payment uning straight-line amortirotion is (Rounded to the nearest dollar.) Multiple Choice Debit Bond Interest Expense \$12 36t credit Discount on Bonds Payable \$811; credit Cash \$11,550. Debit Bond Interest Expense \$10,739, debit Premium on Bonds Payable \$811, credit Cash $11,550 Debit Bond Interest Expense \$10,739, debit Discount on Bonds Payable \$811, credit Cash \$11.550. Debit Bond Interest Expense \$12,361, credit Premium on Bonds Payable \$811, credit Cash \$11,550. Debit Interest Payable \$11,550, credit Cash \$11,550. Debit Cash $45500; credit Padin Copital in Excess of Par Value, Common Stock $3,500, credit Common \$rock $42,000 Deba Treasury Stock \$3,500, deba Paid in Coptal in Excess of Par Votue, Treasury Stock \$42000, credit Common Stock \$15,500 Debit Common Siock 545,500 . credin Cosh $45,500 Debir Cosh \$45,500, credt Common Stock $45,500 Debit Treasury Stock 545,500 , credit Cash $45,500

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