Using the Following Accounts

question 72

Multiple Choice

Using the following accounts:
Indicate the account(s) to be debited and credited to record the following transaction.
-Sold preferred stock at a price above the par value.
Debit ________ Credit ________ & ________

• A)Subscription receivable-common stock
• B)Cash
• C)Machinery
• D)Building
• E)Land
• F)Organization costs
• G)Preferred stock
• H)Common stock
• I)Paid in capital in excess of par value - common
• J)Paid in capital in excess of par value - preferred
• K)Common stock subscribed
• L)Discount on common stock
• M)Organization Expense

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Definitions:

Horney

Karen Horney, a psychoanalyst known for her theories on neurosis, personality structure, and the influence of culture on psychology.

Women

Adult human females, often discussed in various contexts including biological, social, cultural, and political.

Extravert

A personality trait characterized by outward-directed behaviors, enjoying social interactions, and being energized by spending time with others.

Jung

Carl Jung was a Swiss psychiatrist and psychoanalyst who founded analytical psychology, emphasizing the importance of the individual psyche and the personal quest for wholeness.