Nexis Corp. issues 2,750 shares of $9 par value common stock at $15 per share....
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Nexis Corp. issues 2,750 shares of $9 par value common stock at $15 per share. When the transaction is journalized, credit(s) are made to Oa. Common Stock for $16,500 and Retained Earnings for $24,750 O b. Common Stock for $24,750 and Paid-In Capital in Excess of Par-Common Stock for $16,500 O c. Common Stock for $41,250 O d. Common Stock for $24,750 and Paid-In Capital in Excess of Stated Value for $16,500
Nexis Corp, issues 2,750 shares of $9 par value common stock at $15 per share. When the transaction is journalized, eredit(s) are inade to a. Common 5 tock for 516,400 and Hetained Fimines for 524,750 b. Coentson Stock for 574,750 and Faid-ls Capulal in Excew of Par-Common Stock for $16,500 c. Common 5 inck for 541,250 4. Common Seack fot $24,750 and Paid-In Capital in Fixecs of Stated Value for 516,500
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