Using the Following Accounts

question 12

Multiple Choice

Using the following accounts:
Indicate the account(s) to be debited and credited to record the following transaction.
-Exchanged common stock for services of corporation organizers (valued above par) .
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:

Urinary Organs

The urinary organs, part of the urinary system, include the kidneys, ureters, bladder, and urethra, responsible for producing, storing, and eliminating urine.

IVP

Intravenous Pyelogram (IVP) is a radiographic test that uses a contrast dye to visualize and assess the kidneys, ureters, and bladder.

KUB

An abbreviation for Kidney, Ureter, and Bladder X-ray, an imaging test for assessing the abdominal area.

Chronic Kidney Disease

A progressive loss of kidney function over a period of months or years, often resulting in the need for dialysis or kidney transplant.