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Amiraneli [1.4K]

2 years ago

6

A corporation issued 2,500 shares of its no par common stock at a cash price of $11 per share. The entry to record this transact

ion would be:

1 answer:

dsp732 years ago

5 0

Answer:

Date Account Titles and Explanation Debit Credit

Cash $27,500

Common stock $27,500

(Being shares issued at cash price recorded)

Common stock = 2,500 shares * $11

Common stock = $27,500

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