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Home Q & A Board Other Fields Homework Help Business Accounting
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Fast2F Fast2F
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6 years ago
The Logan Company issued 140 shares of its $12 par value stock for $14 per share. The entry to record the receipt of cash and issuance of the stock would include a:
A) credit to Common Stock for $1,960.
B) debit to Cash for $1,960.
C) debit to Cash of $1,680; credit to Common Stock for $1,680.
D) debit to Discount on Common Stock for $280.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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LaffioLaffio
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6 years ago
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Fast2F Author
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#2
6 years ago
I was skeptical at first but decided to give this a try.

Happy I did, you guys are so smart
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