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?
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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?
DEBIT Cash at Bank
CREDIT Oversubsciptions on Shares Account.
Being oversubsciptions received.
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