Crane Company's tabular analysis at the beginning of October consisted of the following balances: Beg. Bal...
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Crane Company's tabular analysis at the beginning of October consisted of the following balances: Beg. Bal Assets = Liabilities Accounts Cash + Receivable = $9400 $400 Accounts Common Payable + Stock $2900 $6900 Stockholders' Equity Retained Earnings + Revenue Expenses During October, the company issued additional shares of stock for proceeds of $1900. How would this transaction be recorded in the tabular analysis? Crane Company's tabular analysis at the beginning of October consisted of the following balances: Beg. Bal Assets = Liabilities Accounts Cash + Receivable = $9400 $400 Accounts Common Payable + Stock $2900 $6900 Stockholders' Equity Retained Earnings + Revenue Expenses During October, the company issued additional shares of stock for proceeds of $1900. How would this transaction be recorded in the tabular analysis?
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Recording of the transaction in tabular analysis is hereunder Particulars Beg Bal Proceeds for ... View the full answer
Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
Posted Date:
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