Journal entry to record the issuance, Accounting Basics

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Journal entry to record the issuance

Jade Jewelers issued 15,000 shares of $1 par value stock for $20 per share. What is true about the journal entry to record the issuance?

a)Credit cash $300,000

b) Credit comon stock $15,000

c) Credit Common Stock $15,000

d) Debit additional paid in capital $285,000

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Accounting Basics: Journal entry to record the issuance

Reference No:- TGS058425

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Accounting Basics: Journal entry to record the issuance

Reference No:- TGS058425

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Journal entry to record the issuance

Reference No:- TGS058425

Recent Questions Asked Accounting Basics

Q : Find profit maximizing price if fraction of cnn population

Q : Bad expense under the allowance method

Q : Government policies have capacity to balance private-public

Q : Life cycle of an information systems

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Q : Prediction conclusion

Q : Prepare a post-closing trial balance at july 31

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Q : Total equivalent units for materials

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