Which of the following journal entries is appropriate to record the issuance of an organizations shares: a.
Question:
Which of the following journal entries is appropriate to record the issuance of an organization’s shares:
a. Dr. Cash XXX, Cr. Owner’s Equity XXX
b. Dr. Investment XXX, Cr. Common Shares XXX
c. Dr. Cash XXX, Cr. Common Shares XXX
d. Dr. Retained Earnings XXX, Cr. Owner’s Equity XXX
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Related Book For 
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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