Liang Shue contributed $250,000 cash and land worth $500,000 to open the new business, Shue Consulting. Which

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Liang Shue contributed $250,000 cash and land worth $500,000 to open the new business, Shue Consulting. Which of the following journal entries does Shue Consulting make to record this transaction?

a. Cash...... 750,000 Common Stock .......... 750,000 b. Common Stock ......... 750,000 Accounts

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Financial Accounting Fundamentals

ISBN: 9780078025594

4th Edition

Authors: John Wild

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Question Posted: Jan 23, 2024 12:00 PM

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Liang Shue contributed $250,000 cash and land worth $500,000 to open the new business, Shue Consulting. Which

Question:

a. Cash...... 750,000 Common Stock .......... 750,000 b. Common Stock ......... 750,000 Accounts receivable......... 750,000 c. Cash....... .... 250,000 500,000 ................ 750,000 750,000 Land .......... Common Stock ....... d. Common Stock Cash....... Land...... 250,000 500,000

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Financial Accounting Fundamentals

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