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zhenek [66]
3 years ago
10

Which of the following is included in the entry to record the issuance of shares of par value common stock at per share for​ cas

h?
A) Cash is debited for $294,000.
B) Common Stock is debited for $98,000.
C) Common Stock is credited for $294,000.
D) Paid-In Capital in Excess of Par-Common is debited for $196,000.
Business
1 answer:
Vesna [10]3 years ago
7 0

Answer:

A) Cash is debited for $294,000. and,

C) Common Stock is credited for $294,000.

Explanation:

When Shares are Issued for Cash, recognize the Assets of Cash (Debit) and also recognize an equity element - Common Stock (Credit).

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