question archive Wang Corporation issued 800 shares of $50 par value common stock for $60 per share
Wang Corporation issued 800 shares of $50 par value common stock for $60 per share
Subject:AccountingPrice: Bought3
Wang Corporation issued 800 shares of $50 par value common stock for $60 per share. Which of the following journal entries is recorded correctly?
O DR: Cash $48,000; CR: Common Stock $40,000 and Additional Paid-In Capital from Common Stock $8,000
O DR: Common Stock $48.000; CR: Cash $48,000
O DR: Cash $40,000; CR: Common Stock $40,000
O DR: Common Stock $40,000 and Additional Paid-In Capital from Common Stock $8.000; CR: Cash $48,000
O DR: Cash $48,000; CR: Common Stock $48,000
