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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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7 years ago
Nature's Honey Corporation received the final installment of $1,000 on a stock subscription for 20 shares of $100 par value common stock. After recording the cash receipt, the entry to issue the stock would include a:
A) credit to Paid-in Capital in Excess of Par ValueCommon for $2,000.
B) debit to Common Stock for $2,000.
C) debit to Paid-in Capital in Excess of Par ValueCommon for $2,000.
D) debit to Common Stock Subscribed for $2,000.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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AugustisAugustis
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7 years ago
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6 years ago
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