The journal entry to record the final installment from a common stock subscription is:
A) a debit Cash and a credit to Paid in Capital in Excess of Par Value-Common Stock.
B) a debit to Subscriptions Receivable-Common Stock and a credit to Cash.
C) a debit to Cash and a credit to Subscriptions Receivable-Common Stock.
D) a debit to Common Stock Subscribed and a credit to Cash.
Correct Answer:
Verified
Q114: Using the following accounts:
Indicate the account(s) to
Q115: Using the following accounts:
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Q116: Using the following accounts:
Indicate the account(s) to
Q117: Elegant Corporation received subscriptions for 100 shares
Q118: The source of capital approach:
A) prepares Paid-In
Q119: Using the following accounts:
Indicate the account(s) to
Q121: Using the following accounts:
Indicate the account(s) to
Q122: Describe a stock subscription plan.
Q123: Using the following accounts:
Indicate the account(s) to
Q124: Using the following accounts:
Indicate the account(s) to
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