Liang Shue contributed $250,000 cash and land worth $500,000 in exchange for common stock to open his
Question:
Liang Shue contributed $250,000 cash and land worth $500,000 in exchange for common stock to open his new business Shue Consulting. Which of the following journal entries does Shue Consulting make to record this transaction?
a. Cash Assets $750,000 Common Stock $750,000
b. Common Stock $750,000 Assets $750,000
c. Cash $250,000 Land 500,000 Common Stock $750,000
d. Common Stock $750,000 Cash $250,000 Land 500,000 AppendixLO1
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Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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Related Book For 
Financial Accounting Information For Decisions
ISBN: 9780073043753
4th Edition
Authors: John J. Wild
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