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ki77a [65]
3 years ago
7

In exchange for $1,500 legal services to help set up the new company, Hickory Grove Corporation issued 100 shares of $10 par val

ue stock to its attorney. The entry to record the issuance of the stock would include a A. credit to Common Stock for $1,000. B. debit to Common Stock for $1,000. C. credit to Common Stock for $1,500. D. debit to Paid-In Capital in Excess of Par Value for $500.
Business
1 answer:
SSSSS [86.1K]3 years ago
8 0
A credit to common stock for 1000

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