Question
TB 12-50 Barb Inc issued 500 common shares in payment... Barb Inc issued 500 common shares in payment of a $1,900 bill from its accountant
TB 12-50 Barb Inc issued 500 common shares in payment...
Barb Inc issued 500 common shares in payment of a $1,900 bill from its accountant for assistance in filing its charter. The entry to record this transaction will include
Multiple Choice
- A $1,900 credit to Organization Costs
- A $1,900 debit to Accounting Expense
- A $1,900 debit to Legal Expense
- A $1,900 credit to Common Shares
- A $1,900 debit to Common Shares
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College Accounting
Authors: James A Heintz, Robert W Parry
20th Edition
538745215, 978-1111624743
