Award: 1.00 point Air Franoe-KLM reported the following equity information in a

Question

Award: 1.00 point Air Franoe-KLM reported the following equity information in a recent year (euros in millions). March 31 Issued capital Additional paid-in capital 400 3,121 Prepare its jourmal entry, using its account titles, to record on March 31 for cash. (Enter your answers in milions.) the issuance of capital stock assuming that its entire par value stock was issued View transaction list Journal entry worksheet Record the issue of stock at premium for cash. Note: Enter debits before credits Mar 31 Record entry Clear entry View general journal References Difficulty 2 Medium Leaming Objective: 11-P1 Record the issuance of oorporate stock Worksheet

Explanation / Answer

AIR FRANCE KLM General Journal Date Particular Amount (Dr) Amount (Cr) 31st March Cash A/c $           3,521.00     To Issued Capital $             400.00     To Paid in Capital excess of Par $          3,121.00 (Being amount of Shares issued)

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