Crane Merchandising Company issued 710 shares of no-par common stock for
$13490
. Which of the following journal entries would be made if the stock has no stated value?\ Cash\
13490
\ Common Stock\
13490
\ Cash\
13490
\ Common Stock\
710
\ Paid-in Capital in Excess of Par\
12780
\ Common Stock\
13490
\ Cash\
13490
\ Cash\
13490

Crane Merchandising Company issued 710 shares of no-par common stock for $13490. Which of the following journal entries would be made if the stock has no stated value? Cash 13490 Common Stock 13490 Cash 13490 Common Stock 710 Paid-in Capital in Excess of Par 12780 Common Stock 13490 Cash 13490 Cash 13490 Crane Merchandising Company issued 710 shares of no-par common stock for $13490. Which of the following journal entries would be made if the stock has no stated value? Cash 13490 Common Stock 13490 Cash 13490 Common Stock 710 Paid-in Capital in Excess of Par 12780 Common Stock 13490 Cash 13490 Cash 13490

Question

Crane Merchandising Company issued 710 shares of no-par common stock for

$13490

. Which of the following journal entries would be made if the stock has no stated value?\ Cash\

13490

\ Common Stock\

13490

\ Cash\

13490

\ Common Stock\

710

\ Paid-in Capital in Excess of Par\

12780

\ Common Stock\

13490

\ Cash\

13490

\ Cash\

13490

Crane Merchandising Company issued 710 shares of no-par common stock for $13490. Which of the following journal entries would be made if the stock has no stated value? Cash 13490 Common Stock 13490 Cash 13490 Common Stock 710 Paid-in Capital in Excess of Par 12780 Common Stock 13490 Cash 13490 Cash 13490 Crane Merchandising Company issued 710 shares of no-par common stock for $13490. Which of the following journal entries would be made if the stock has no stated value? Cash 13490 Common Stock 13490 Cash 13490 Common Stock 710 Paid-in Capital in Excess of Par 12780 Common Stock 13490 Cash 13490 Cash 13490

Accepted Answer

The Answer is in the image, click to view ...

Question

Crane Merchandising Company issued 710 shares of no-par common stock for $13490 . Which of the following journal entries would be made if the stock

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Accounting Tools for Business Decision Making

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question