Multiple Choice
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 Premium-Ordinary for €45,000.
C) a credit to Share Capital-Ordinary for €55,000.
D) a debit to Retained Earnings for €22,000.
Correct Answer:
Verified
Correct Answer:
Verified
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