When common stock is sold by a corporation a journal entry is prepared which includes a debit to cash and a credit to the common stock account If the debit to cash is greater than the credit to the common stock account then it can be assumed that ...

When common stock is sold by a corporation a journal entry is prepared which includes a debit

Question:

When is sold by a a journal entry is prepared whichincludes a debit to cash and a credit to the account. If the debit to cash is greater than the credit to the account then it can be assumed that:
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...