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A Company Issued 500 Shares of $3 Par Common Stock

Question 75

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A company issued 500 shares of $3 par common stock in exchange for a piece of equipment with a current market value of $20,000.Which of the following is the correct journal entry for this transaction?


A)
A company issued 500 shares of $3 par common stock in exchange for a piece of equipment with a current market value of $20,000.Which of the following is the correct journal entry for this transaction? A) B) C) D)
B)
A company issued 500 shares of $3 par common stock in exchange for a piece of equipment with a current market value of $20,000.Which of the following is the correct journal entry for this transaction? A) B) C) D)
C)
A company issued 500 shares of $3 par common stock in exchange for a piece of equipment with a current market value of $20,000.Which of the following is the correct journal entry for this transaction? A) B) C) D)
D)
A company issued 500 shares of $3 par common stock in exchange for a piece of equipment with a current market value of $20,000.Which of the following is the correct journal entry for this transaction? A) B) C) D)

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