The journal entry to issue 1,000,000 shares of $6 par common stock for $8.00 per share on January 2nd would be:
A) Jan 2 Cash 8,000,000Common Stock 6,000,000Additional Paid-In Capital 2,000,000
B) Jan 2 Cash 6,000,000Common Stock 6,000,000
C) Jan 2 Cash 6,000,000Additional Paid-In Capital 2,000,000Common Stock 8,000,000
D) Jan 2 Cash 1,000,000 Common Stock 1,000.000
A
You might also like to view...
Giving examples to show the differences between ethnocentric and polycentric orientation
What will be an ideal response?
Mutation is a mathematical method of handling imprecise or subjective information.
Answer the following statement true (T) or false (F)
A solid news release should avoid jargon and hyperbole
Indicate whether the statement is true or false
Noncompete agreements are when one firm agrees not to compete with another firm by hiring away its employees
a. True b. False Indicate whether the statement is true or false