Jade Jewelers issued 15,000 shares of $1 par value stock for $20 per share.What is true about the journal entry to record the issuance?
A) Credit Common Stock $300,000.
B) Credit Cash $300,000.
C) Credit Common Stock $15,000.
D) Debit Additional Paid-In Capital $285,000.
Correct Answer:
Verified
Q1: The par value of common stock represents:
A)The
Q2: Outstanding common stock refers to the total
Q3: Advantages of the corporate form of business
Q5: South Beach Apparel issued 10,000 shares of
Q6: Issued stock refers to the number of
Q7: When a company issues 25,000 shares of
Q8: Common stockholders usually have all of the
Q9: In terms of total sales,assets,and earnings,the dominant
Q10: Advantages of the corporate form that have
Q11: Outstanding common stock is:
A)Stock that is performing
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