Question
$10 million shares at $1 par were issued. The $54 million that was received for those shares was immediately deposited in a 6-month money market
$10 million shares at $1 par were issued. The $54 million that was received for those shares was immediately deposited in a 6-month money market fund. Record the journal entry or type none in all the fields if no entry is needed.
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307
