Homework Clinic

Social Science Clinic => Accounting => Topic started by: jace on Feb 18, 2020

Title: The entry to record Shaman, Inc. selling 1,200 shares of $5 par common stock at $9 per share would be to:
Post by: jace on Feb 18, 2020

The entry to record Shaman, Inc. selling 1,200 shares of $5 par common stock at $9 per share would be to:
◦ debit Cash $10,800; credit Common Stock $10,800.
◦ debit Cash $10,800; debit Paid-In Capital in Excess of Par–Common $4,800; credit Common Stock $15,600.
◦ debit Cash $10,800; credit Common Stock $6,000; credit Paid-In Capital in Excess of Par–Common Stock $4,800.
◦ debit Cash $6,000; credit Common Stock $6,000.

Title: The entry to record Shaman, Inc. selling 1,200 shares of $5 par common stock at $9 per share would be to:
Post by: jonathanballen97 on Feb 18, 2020

debit Cash $10,800; credit Common Stock $6,000; credit Paid-In Capital in Excess of Par–Common Stock $4,800.

Title: Re: The entry to record Shaman, Inc. selling 1,200 shares of $5 par common stock at $9 per share wou
Post by: Xenvi on May 12, 2020

thank you

Title: Re: The entry to record Shaman, Inc. selling 1,200 shares of $5 par common stock at $9 per share wou
Post by: Danh Nguyen on Oct 29, 2020

Thank You