Jahnke Corporation issued 8,000 shares of €2 par value ordinary shares for €11 per share. The journal entry to record the sale will include
A) a debit to Cash for €16,000.
B) a credit to Share Premium-Ordinary for €72,000.
C) a credit to Share Capital-Ordinary for €88,000.
D) a debit to Retained Earnings for €72,000.
Correct Answer:
Verified
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