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BlackZzzverrR [31]
2 years ago
8

A company issued 115 shares of $100 par value common stock for $12,500 cash. the total amount of paid-in capital is:

Business
1 answer:
Olegator [25]2 years ago
5 0

A company issued 115 shares of $100 par value

<span> Common stock value = $12,500 </span>

Total amount of paid-in capital = ?

Multiply the shares with amount par value =

Amount of shares = 115 x 100 = $11,500

Total amount of paid-in capital = common stock value - total amount of shares = $12,500 - $11,500

= $1000

So, total amount paid in capital is $1000.

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Answer:

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Cr Bonds payable                    $226,000

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Dr cash                       $74,000

Cr Lease revenue                     $74,000

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Cr Cash                                                $11,300

31st December year 2

Dr cash                       $74,000

Cr Lease revenue                     $74,000

Dr interest expense               $11,300

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