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3 years ago

Cutler Corporation is authorized to issue 10,000 shares of common stock. It sells 6,000 shares at $19 per share.

Business

1 answer:

MissTica3 years ago

4 0

Explanation:

here, D= debit , C= credit

D :Cash (6,000*19) =$114,000

C: Common Stock(6,000*10)= $60,000

C: Excess Capital in par value, Common stock =$54,000

D:Cash (6,000*19)= $114,000

C: Common Stock(6,000*8)= $48,000

C: Excess Capital in stated value, Common stock= $66,000

D: Cash (6,000*19)= $114,000

C: Common Stock(6,000*19)= $114,000

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