Liberward,Inc.,sold and issued 1,000 shares for $15 per share.The book value of the shares was $10 per share.The journal entry to record the share issue would include which of the following?
A.a debit to Cash for $10,000.
B.a credit to Common Shares for $10,000.
C.a credit to Common Shares for $15,000.
D.a credit to Cash for $15,000
Correct Answer:
Verified
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