Zygo Sold 1,000 Common Shares (Par $3)at $5 Per Share

question 131

Multiple Choice

Zygo sold 1,000 common shares (par $3) at $5 per share on a subscription basis.The entry to record this transaction included a credit to:

• A) Accounts receivable.
• B) Contributed capital in excess of par.
• C) Cash.
• D) Subscriptions receivable.

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Definitions:

Mouth Care

The routine cleaning and maintenance of the mouth, teeth, gums, and tongue for health and hygiene.

Skin Moisturized

The condition of the skin being hydrated, often achieved through the application of lotions or creams that prevent dryness.

Hospice Care

Specialized care aimed at providing comfort and support to patients and their families during the final stages of a terminal illness.

Terminal Illness

A disease or condition which is incurable and expected to lead to the death of the patient within a relatively short period of time.