Question
If a corporation issues 5,000 shares of$1 par value common stock for $8,000 , the journal entry would include a creditto: A. Retained Earnings for
If a corporation issues 5,000 shares of$1 par value common stock for $8,000, the journal entry would include a creditto:
A.
Retained Earnings for $5,000.
B.
Paidin Capital in Excess of ParCommon for $8,000.
C.
Common Stock for $5,000.
D.
Common Stock for $8,000.
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
