Journal entry to record the stock issuance


A corporation issues 2,000 shares of common stock for $ 32,000. The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for ________.

a) $20,000

b) $32,000

c) $12,000

d) $2,000

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Accounting Basics: Journal entry to record the stock issuance
Reference No:- TGS095279

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