A subscription for 4,000 shares of $10 par value common stock was accepted. Upon receipt of the balance owed on the stock subscription, a stock certificate was issued to the subscriber. The journal entry to issue the stock certificate would include a debit to

a. Common Stock, $40,000.
b. Common Stock, $20,000.
c. Common Stock Subscribed, $40,000.
d. Common Stock Subscribed, $20,000.


c

Business

You might also like to view...

Which of the following frees us to be with each other and somewhere else simultaneously?

A. media B. technology C. squawk talk D. prejudiced talk

Business

Advertising specialties include displays and demonstrations that take place at the point of sale

Indicate whether the statement is true or false

Business

A good ________ ________ should be focused on a limited number of goals, be customer-oriented, and capture a shared purpose and provide information for the employees of the firm.

Fill in the blank(s) with the appropriate word(s).

Business

Averages of small samples, not individual measurements, are generally used in statistical process control

Indicate whether the statement is true or false

Business