When a company issues 40,000 shares of $2 par value common stock for $20 per share, the journal entry for this issuance would include: A credit to Common Stock for $800,000 A debit to Additional Paid-in Capital for $80,000 A credit to Additional Paid-in Capital for $720,000 A debit to Cash for $80,000Show transcribed image text When a company issues 40,000 shares of $2 par value common stock for $20 per share, the journal entry for this issuance would include: A credit to Common Stock for $800,000 A debit to Additional Paid-in Capital for $80,000 A credit to Additional Paid-in Capital for $720,000 A debit to Cash for $80,000
“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."
