Suppose PETCO issued 100,000 shares of its ($0 05 ) par common stock at ($1 ) per share Which journal entry correctly records the issuance of this stock DATE ACCOUNTS a Cash Common Stock b Common Stock Cash POST REF DR CR 100,000 100,000 100,000 5,000 Paid in Capital in Excess of Par 95,000 C Cash ...

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Suppose PETCO issued 100,000 shares of its ($0.05) par common stock at ($1) per share. Which journal

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Suppose PETCO issued 100,000 shares of its $$0.05$ par common stock at $$1$ per share. Which journal entry correctly records the issuance of this stock? image text in transcribed

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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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Question Posted: May 13, 2024 05:00 AM

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Suppose PETCO issued 100,000 shares of its ($0.05) par common stock at ($1) per share. Which journal

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DATE ACCOUNTS a. Cash Common Stock b. Common Stock Cash POST REF. DR. CR. 100,000 100,000 100,000 5,000 Paid-in Capital in Excess of Par 95,000 C. Cash 100,000 Common Stock 5,000 Paid-in Capital in Excess of Par 95,000 d. Common Stock 100,000 Cash 100,000

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Financial Accounting

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