Business, 25.11.2020 14:00 QUEEN2267

Suppose Value Home and Garden Imports issued 400,000 shares of $0.10 par common stock at $4 per share. Which journal entry correctly records the issuance of this stock? a. Debit Credit
Common Stock—$0.10 Par Value 1,600,000
Cash 40,000
Paid-ln Capital in Excess of Par—Common 1,560,000

b.
Common Stock—$0.10 Par Value 1,600,000
Cash

c.
Cash 1,600,000
Common Stock—$0. 10 Par Value 40,000
Paid-ln Capital in Excess of Par—Common 1,560,000

d.
Cash 1,600,000
Common Stock—$0. 10 Par Value 1,600,000

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Suppose Value Home and Garden Imports issued 400,000 shares of $0.10 par common stock at $4 per shar...

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