Homework: Chapter 10 Problem Assignment Score: 3 of 15 pts 2012 Hw Score: 38 85%

Question

Homework: Chapter 10 Problem Assignment Score: 3 of 15 pts 2012 Hw Score: 38 85%, 11.65 1 30 pts P10-72A (similar to) Read the reaeents Paid-in Capital in Excess of Par Comn Ma 9 bsued 11,000 shares of cemmon stock to Pad Credt Data Tab common stock The peomelionial fee was 54,800 Debit Organication Expense 9 d 11 000 shares of common thek to pla porry and 13000 shares to The Choose from any Ist or e any nurmber in the ipu be and then cck Check Aswer 26 Issued 100 shares o sck or 530 cash per share

Explanation / Answer

Journal entry :

Date accounts & explanation debit credit Mar 9 Cash a/c (11000+13000)*27 648000 Common stock a/c (24000*2) 48000 Paid in capital in exces of par value-common stock 600000 (To record issue of common stock)

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