Question

jahnke corporation issued 5,000 shares of 2 par value ordinary shares for 11 per share. the journal entry to record the sale will include

a.a debit to cash for 10,000

b.a credit to share premiumordinary for 45,000

c.a credit to share capitalordinary for 55,000

d.a debit to retained earnings for 22,000

Answer

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