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Bonney Lake Corporation issued 2,000 shares of its $1 par value common stock for $16 per share. What journal entry should be made to record
Bonney Lake Corporation issued 2,000 shares of its $1 par value common stock for $16 per share. What journal entry should be made to record this transaction? Multiple Choice Account Cash Common Stock Account Cash Common Stock Additional Paid-in Capital Debit Credit 32,000 Debit Credit 32,000 32,000 2,000 30,000 Account Common Stock Debit Credit 32,000 Cash Account Cash Common Stock Additional Paid-in Capital 32,000 Debit Credit 32,000 30,000 2,000
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