Business, 28.05.2021 20:10, johnboat

If Kingbird, Inc. issues 3500 shares of $5 par value common stock for $222500, the account:. a. Cash will be debited for $205000.
b. Common Stock will be credited for $222500.
c. Paid-in Capital in Excess of Par Value will be credited for $205000.
d. Paid-in Capital in Excess of Par Value will be credited for $17500.

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If Kingbird, Inc. issues 3500 shares of $5 par value common stock for $222500, the account:. a. Cas...