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AAA Corp.issued 5,000 shares of$10 par valuecommon stock to attorneys in payment of $70,000 servicesrendered on the same date.The journal entry? Multiple Choice Credit to
AAA Corp.issued 5,000 shares of$10 par valuecommon stock to attorneys in payment of $70,000 servicesrendered on the same date.The journal entry?
Multiple Choice
- Credit to Cash
- Debit to Paid-in-Capital in Excess of Par
- Debit to Common Stock
- Debit to Expense
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Financial And Managerial Accounting
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
4th Edition
1119752620, 978-1119752622
