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Crank
3 years ago
11

Complete the following statement.

Business
1 answer:
hichkok12 [17]3 years ago
3 0
Nonverbal, verbal is when you use your voice for something. Hope this helped
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Find the amount of interest earned by a deposit of $2450 for 6.5 years at 5.25% compounded
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If Pratt Company issues 5,000 shares of $5 par value common stock for $210,000, the accounta. Common Stock will be credited for
antiseptic1488 [7]

Answer:

d. Cash will be debited for $210,000.

Explanation:

The journal entry for the issue of shares is shown below:

Cash A/c Dr $210,000

   To common stock  (5,000 shares × $5) = $25,000

   To Paid-in Capital in Excess of Par Value  $185,000

(Being issue of shares recorded)

So, the cash account is debited whereas the common stock and paid-in capital should be credited

And, the remaining balance should be transferred to the Paid-in Capital in Excess of Par Value

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