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Moses, Inc receives $50,000 in cash in exchange for ownership in their company. Which journal entry should Moses, Inc. record? Group of answer choices DR:
Moses, Inc receives $50,000 in cash in exchange for ownership in their company. Which journal entry should Moses, Inc. record? Group of answer choices DR: Stock 50,000; CR: Cash 50,000 DR: Cash 50,000; CR: Revenue 50,000 DR: Revenue 50,000; CR: Stock 50,000 DR: Cash 50,000; CR: Stock 50,000
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Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
