ILUUNIVURU-takeAssignmentSessionLocator=&linprogress false Gues c. Issued 2,000 shares of stock on June 1 to acquire a patent. The accountant has been unable to estimate the value of the patent but has determined that Horace's common stock was selling at $25 per share on June 1. Activity Financing and Investing Accounts Patent Increase, Common Stock Increase. Additional Paid-in Capital - Common Increase Statement(s) Balance Sheet only Feedback How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative a decrease, be sure to enter the answer with a minus sign Balance Sheet Stockholders Assets Equity Liabilities No Entry Patent 0.0 Chinnon Stock No Entry No Entry 0.07 No Entry 0.0 Additional aid in Capital - Common No Entry Check My Work Previous All work saved Stand Submit Ansagens for Grade O 11/20/20 ILUUNIVURU-takeAssignmentSessionLocator=&linprogress false Gues c. Issued 2,000 shares of stock on June 1 to acquire a patent. The accountant has been unable to estimate the value of the patent but has determined that Horace's common stock was selling at $25 per share on June 1. Activity Financing and Investing Accounts Patent Increase, Common Stock Increase. Additional Paid-in Capital - Common Increase Statement(s) Balance Sheet only Feedback How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative a decrease, be sure to enter the answer with a minus sign Balance Sheet Stockholders Assets Equity Liabilities No Entry Patent 0.0 Chinnon Stock No Entry No Entry 0.07 No Entry 0.0 Additional aid in Capital - Common No Entry Check My Work Previous All work saved Stand Submit Ansagens for Grade O 11/20/20