Answered

Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Discover comprehensive answers to your questions from knowledgeable professionals on our user-friendly platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

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 transaction would be:

Sagot :

Tundexi

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

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.