Description of this paper

Shares of $9 par common stock and 40,000 shares of 5 percent

Description

solution


Question

A company authorized to issue 400,000 shares of $9 par common stock and 40,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $25 per share. The following stock transactions pertain this company;Issued 13,000 shares of the class A preferred stock for $27 per share.;What will be the "Paid-In Capital in Excess of SV, PS;and "Preferred stock" record on journal entry.

 

Paper#25481 | Written in 18-Jul-2015

Price : $27
SiteLock