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Other Fields Homework Help Accounting Topic started by: majestico on Jun 6, 2017



Title: Washington Corporation issued 5,000 shares of its $20 par value common stock for $23 per share. The ...
Post by: majestico on Jun 6, 2017
Washington Corporation issued 5,000 shares of its $20 par value common stock for $23 per share. The entry to record the issuance would include a:
A) debit to Paid-in Capital in Excess of Par Value-Common for $15,000.
B) credit to Common Stock for $100,000.
C) credit to Cash for $115,000.
D) credit to Common Stock for $15,000.


Title: Re: Washington Corporation issued 5,000 shares of its $20 par value common stock for $23 per share. ...
Post by: Ompa on Jun 6, 2017
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