Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

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. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.