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Unformatted text preview: excess of par value (often called additional paid-in-capital). General Journal Date Account Title and Description Ref. Debit Credit 20X0 June 1 Cash 25,000 Common Stock (5,000 $1) 5,000 Additional Paid-in-Capital 20,000 Sale of 5,000 shares of stock at $5 per share...
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This note was uploaded on 11/15/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.
- Spring '09