Using the Following Accounts

question 76

Multiple Choice

Using the following accounts:
Indicate the account(s) to be debited and credited to record the following transaction.
-Sold common stock at a price above par accepting a subscription.
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:

Sexual Services

Activities or engagements provided primarily for sexual gratification, often in exchange for payment.

Masturbation

The sexual stimulation of one's own genitals for sexual arousal or other sexual pleasure, usually until the point of orgasm.

Prostitution

The practice of engaging in sexual activity in exchange for payment or other material benefit.

HIV Epidemic

A widespread occurrence of Human Immunodeficiency Virus infections in a particular community, region, or population.