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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
TLR Productions issued 40 shares of $20 par value stock to its accountant in full payment for her $900 fee for assisting in setting up the new company. The entry to record the issuance of the stock would include a:
A) debit to Common Stock for $800.
B) credit to Common Stock for $900.
C) credit to Common Stock for $800.
D) debit to Paid-in Capital in Excess of Par–Common for $100.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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7 years ago
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tivo Author
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#2
7 years ago
Thank you for helping me with my accounting homework, will ask again
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