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If a corporation issues 3,000 shares of $1.40 par value common stock for $18,000, the journal entry would include a credit to O A. Common
If a corporation issues 3,000 shares of $1.40 par value common stock for $18,000, the journal entry would include a credit to O A. Common Stock for $18,000. B. Paid-in Capital in Excess of Par-Common for $18,000. C. Retained Earnings for $4,200. D. Common Stock for $4,200
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The correct journal entry for the given scenario would be A Common Stock for 4200 B Paidin Capital i...
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
