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How much the ordinary share capital account be credited

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Question - On December 1, DOS Corporation issued 1,000 shares of its 10 par ordinary share capital and 2,000 shares of its 10 par preference share capital for a lump sum of 40,000. At this date, ordinary share is selling for 18 per share and the preference share for 13.50 per share. How much should the "Ordinary Share Capital" account be credited? (The entry to record the issuance of the shares serves as the solution for this problem)

Reference no: EM132778693

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