Question
Please fill out all of these boxes: On 1/1/20, World Series Inc. issued common stock for $250. for ALL of these boxes, you can choose
Please fill out all of these boxes: On 1/1/20, World Series Inc. issued common stock for $250.
for ALL of these boxes, you can choose - which indicates that none of the answers are applicable
cash asset box1: 250 or -250
Non-cash assets box 1: 250 or -250
Non-cash assets box 2: retained earnings or common stock
Liabilities box 1: 250 or -250
Liabilities box 2: retained earnings or common stock
contrib capital box 1: 250 or -250
contrib capital box 2: retained earnings or common stock
earned capital box 1: 250 or -250
earned capital box 2: retained earnings or common stock
revenues box 1: - or 250
revenues box 2: - or common stock revenue
expenses box 1: - or 250
expenses box 2: - or common stock expense
net income: 250 or -250
On 1/1/20, World Series Inc. issued common stock for $250. Balance Sheet: Income StatementStep by Step Solution
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