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Lubov Fominskaja [6]
3 years ago
13

When a company issue 27,000 shares of $5 per value common stock,the journal entry for this issuance would include:

Business
1 answer:
a_sh-v [17]3 years ago
6 0

Answer:

1. A debit to cash for $135,000

Explanation:

The complete entries are

1. A debit to cash for $135,000

2. A credit to common stock account for $135,000

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