If Dakota Company issues 1,500 shares of $6 par common stock for $75,000,
a. Common Stock will...
Business, 11.04.2020 09:50 doralisaponte79851
If Dakota Company issues 1,500 shares of $6 par common stock for $75,000,
a. Common Stock will be credited for $75,000
b. Paid-In Capital in Excess of Par will be credited for $9,000
c. Paid-In Capital in Excess of Par will be credited for $66,000
d. Cash will be debited for $66,000
Note: please give the explanation.
Answers: 2
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