Question
Sheridan Construction Company issued 1370 shares of no-par common stock for $20000. Which of the following journal entries would be made if the stock
Sheridan Construction Company issued 1370 shares of no-par common stock for $20000. Which of the following journal entries would be made if the stock has no stated value? Cash Common Stock Cash Common Stock Paid-in Capital in Excess of Stated Value Cash Common Stock Paid-in Capital in Excess of Par Common Stock Cash 20000 20000 20000 20000 20000 1370 18630 1370 18630 20000
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Core Concepts of Government and Not For Profit Accounting
Authors: Michael H. Granof, Penelope S. Wardlow
2nd edition
471737925, 978-0-470-4605, 978-0471737926
