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) debit to Cash of $1,680;credit to Common Stock for $1,680.
B) debit to Cash for $1,960.
C) credit to Common Stock for $1,960.
D) debit to Discount on Common Stock for $280.
Correct Answer:
Verified
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