If Dakota Company issues 1,500 shares of $6 par common stock for $75,000 Paid-In Capital in Excess or Par will be credited for
Darshita Changed status to publish March 5, 2020
Paid-In Capital in Excess or Par will be credited for
=75,000-(1500*6)
=75000-9000
=$66,000
Darshita Changed status to publish March 5, 2020