Question
When a company issues 26,000 shares of $5 par value common stock for $50 per share, the journal entry for this issuance would include
When a company issues 26,000 shares of $5 par value common stock for $50 per share, the journal entry for this issuance would include Multiple Choice A credit to Additional Paid-in Capital for $1,170,000 A debit to Cash for $130,000. A debit to Additional Paid-in Capital for $130,000. A credit to Common Stock for $1.300,000
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Physical Chemistry
Authors: Peter Atkins
7th Edition
978-0716735397, 716735393, 978-0716743880
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