Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When a company issues 33,000 shares of ( $ 5 ) par value common stock for ( $ 50 ) per share, the journal entry

image text in transcribed
When a company issues 33,000 shares of \\( \\$ 5 \\) par value common stock for \\( \\$ 50 \\) per share, the journal entry for this issuance would include: Multiple Choice A credit to Common Stock for \\( \\$ 1,650,000 \\) A debit to Addinional Paid in Captal for \\$165,000. A debrt to Cash for \\( \\$ 165,000 \\) A credit to Additional Pold.in Coptal for \\( \\$ 1,485,000 \\)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mastering IT Auditing A Comprehensive Guide To Learn IT Auditing

Authors: Cybellium Ltd, Kris Hermans

1st Edition

B0CHL1KLZ6, 979-8861236751

More Books

Students also viewed these Accounting questions