contestada

on july 1, hanson corporation issued 10 shares of $100 par value preferred stock for cash of $1,000 per share. complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.

Respuesta :

Paid-In Capital in excess of par value, preferred stock = $9,000

Moreover, We have Debit = $10,000                                                                                                

And we have Cash = $1,000

Preferred Stock, 100 par value                                        

So, Paid-In Capital in excess of par value, preferred stock = $9,000.

You can learn more through link below:

https://brainly.com/question/15078323#SPJ4

Otras preguntas