a company issued 40 shares of $1 par value common stock for $5,000. the journal entry to record the transaction would include which of the following?
debit of $4,000 to common stock
credit of $20,000 to common stock
credit of $40 to common stock
debit of $20,000 to common stock

Question

06-12-2022
Business

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a company issued 40 shares of $1 par value common stock for $5,000. the journal entry to record the transaction would include which of the following?
debit of $4,000 to common stock
credit of $20,000 to common stock
credit of $40 to common stock
debit of $20,000 to common stock

Sagot :

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