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Title: The Bean Counter Corporation received subscriptions for 100 shares of its $12 par value common stock ... Post by: upton on Jun 6, 2017 The Bean Counter Corporation received subscriptions for 100 shares of its $12 par value common stock at $15 per share. The entry to record receipt of the subscriptions would include a:
A) debit to Subscriptions ReceivableCommon Stock $1,500; a credit to Common Stock Subscribed $1,200; and a credit to Paid-in Capital in Excess of Par ValueCommon for $300. B) debit to Common Stock Subscribed $1,500 and a credit to Subscriptions Receivable-Common Stock $1,500. C) debit to Cash $1,500; a credit to Common Stock $1,200; and a credit to Paid-in Capital in Excess of Par ValueCommon $300. D) debit to Cash $1,500 and a credit to Common Stock $1,500. Title: Re: The Bean Counter Corporation received subscriptions for 100 shares of its $12 par value common ... Post by: Augustis on Jun 6, 2017 Content hidden
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