Question
ABC Company issues 100,000 share of its no par common stock for $20 per share. The journal entry would include: A.) A credit to Common
ABC Company issues 100,000 share of its no par common stock for $20 per share. The journal entry would include:
A.) A credit to Common Stock of $2,000,000
B.) A credit to Cash of $2,000,000
C.) A credit to Retained Earnings of $2,000,000
D.) A credit to Notes payable of $2,000,000
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Financial Accounting Cases
Authors: Camillo Lento, Jo-Anne Ryan
3rd Canadian Edition
1119594642, 978-1119594642
