Business, 21.12.2021 09:20 treylartigue
50-A corporation issued 2,000 shares of $100 par value common stock for cash of $120 per share. The journal entry to record the transaction would include a credit of $40,000 to:
a. Retained Earnings
b. Paid-in Capital in Excess of Par Value
c. Dividends Payable
d. Preferred Stock
Answers: 1
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50-A corporation issued 2,000 shares of $100 par value common stock for cash of $120 per share. The...
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