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faison101
Apr 30, 2009, 06:16 PM
If i received an additional 30% of the subscription price from the subscribers to 6,000 shares of no-par common stock, Receipt 563, what are the accounts that are debited and credited?
ROLCAM
May 1, 2009, 12:20 AM
DEBIT Cash at Bank
CREDIT Oversubsciptions on Shares Account.

Being oversubsciptions received.