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majestico majestico
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Posts: 1455
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7 years ago
Tory Company received the first installment of $2,000 on a common stock subscription. The entry to record the collection would include a:
A) credit to Subscriptions ReceivableCommon Stock for $2,000.
B) credit to Common Stock Subscribed for $2,000.
C) credit to Common Stock for $2,000.
D) debit to Subscriptions ReceivableCommon Stock for $2,000.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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keytwokeytwo
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7 years ago
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majestico Author
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7 years ago
Thanks for attempting to answer. You were correct in your response!
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