Question
An issue of common 60,000 shares of common stock at $20 per share would be recorded as follows: a. Debit: Cash......1,200,000 Credit: Common stock1,200,000 b.
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An issue of common 60,000 shares of common stock at $20 per share would be recorded as follows:
a. Debit: Cash......1,200,000
Credit: Common stock1,200,000
b. Debit: Common stock..........1,200,000
Credit: Cash.1,200,000
c. Debit: Cash......1,200,000
Credit: Stockholders equity1,200,000
d. Debit: Cash......1,200,000
Credit: Retained earnings1,200,000
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Client Acceptance And Retention Decisions Of Audit Firms In Nigeria
Authors: Richard Iyere Oghuma
1st Edition
6138946715, 978-6138946717
