Evergreen Building,Inc.issued 2,000 shares of $18 par common stock in exchange for a truck with a current market value of $40,000.Which of the following is NOT part of the journal entry for this transaction?
A) Debiting equipment for $40,000
B) Crediting Common Stock for $40,000
C) Crediting Common Stock for $36,000
D) Crediting paid-in capital in excess of par-common for $4,000
Correct Answer:
Verified
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