c Common stock is nopar stock with a stated value of 6 Journ

c Common stock is no-par stock with a stated value of $6. Journal Entry PR Debit Credit Date Accounts July 20 Choose from any list or enter any number in the input fields and then continue to the next question

Solution

Date Accounts Dr. Cr. a. 20 July Cash (5700 * 11) 62700 To common stock(5700 * 9) 51300 To Additional paid in capital (5700 * 2) 11400 b.    20 July cash (5700 * 11) 62700 To common stock 62700 c. 20 July Cash (5700 * 11) 62700 To common stock(5700 * 6) 34200 To Additional paid in capital (5700 * 5) 28500