Lecture 3 Flashcards by A C | Brainscape

Q

Dr/Cr Assets

A

+ -

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Dr/Cr Liabilities

A

+

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Dr/Cr Equity

A

+

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

accounting for stock issuance if par value given

A

debit cash for amount of contribution
credit common stock for par value only
credit APIC for the difference (contribution - par)

How well did you know this?

1

Not at all

2

3

4

5

Perfectly