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A corporation issues 2,050 shares of common stock for $65,600. The stock has a stated value of $12 per share. What amount of credit to
A corporation issues 2,050 shares of common stock for $65,600. The stock has a stated value of $12 per share. What amount of credit to Common Stock would the journal entry to record the stock issuance include? Select the correct answer $41,000 $24,600 $65,600 $2,050 The unearned rent account has a balance of $44,593. If $5,518 of the $44,593 is unearned at the end of the accounting period, the amount of the adjusting entry is $5,518 $50,111 $44,593 $39,075 . If total liabilities decreased by $22,311 during a period of time and stockholders' equity increased by $31,091 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a $8,780 decrease $22,311 decrease $22,311 Increase $8,780 increase
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