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Author Question: If shares of preferred stock are sold at par value for cash, the transaction would be entered by: (Read 34 times)

charchew

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on: Feb 18, 2020
If shares of preferred stock are sold at par value for cash, the transaction would be entered by:
◦ debiting Cash and crediting Preferred Stock.
◦ debiting Cash and crediting Paid-in Capital in Excess of Par.
◦ debiting Paid-In Capital in Excess of Par and crediting Preferred Stock.
◦ debiting Preferred Stock and crediting Cash.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by charchew on Feb 18, 2020

kjo;oj

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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charchew

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Reply 2 on: Feb 18, 2020
Wow, this really help

hramirez205

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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