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#27734 | Written in 18-Jul-2015Price : $32