Liang Shue contributed $250,000 cash and land worth $500,000 to open the new business, Shue Consulting. Which
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Liang Shue contributed $250,000 cash and land worth $500,000 to open the new business, Shue Consulting. Which of the following journal entries does Shue Consulting make to record this transaction?
Transcribed Image Text:
a. Cash...... 750,000 Common Stock .......... 750,000 b. Common Stock ......... 750,000 Accounts receivable......... 750,000 c. Cash....... .... 250,000 500,000 ................ 750,000 750,000 Land .......... Common Stock ....... d. Common Stock Cash....... Land...... 250,000 500,000
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