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Issuance of Stock Scarecrow Inc. issues 40,000 shares of $1 par value common stock. The shares are sold for $22 per share. Prepare the
Issuance of Stock Scarecrow Inc. issues 40,000 shares of $1 par value common stock. The shares are sold for $22 per share. Prepare the journal entry to record the issuance of the stock. If an amount box does not require an entry, leave it blank. Cash Common Stock, $1 par Additional Paid-in Capital on Common Stock Feedback Check My Work Partially correct -88,000 X -4,000 X -44,000 X
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Accounting Information Systems basic concepts and current issues
Authors: Robert Hurt
3rd edition
130855849X, 978-1308558493, 78025338, 978-0078025334
