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College Company issued 15,000 shares of $1 par value stock for $20 per share. What is true about the journal entry to record the
College Company issued 15,000 shares of $1 par value stock for $20 per share. What is true about the journal entry to record the issuance? O Credit Common Stock $15,000. O Credit Cash $300,000. Credit Common Stock $300,000. Debit Additional Paid-In Capital $285,000.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
