Platinum Corporation issued 4,000 of its common shares for $66,000. The company also incurred $1,700 of costs

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Platinum Corporation issued 4,000 of its common shares for $66,000. The company also incurred $1,700 of costs associated with issuing the shares. Prepare a single combined journal entry to record the issuance of the company's shares.

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Intermediate Accounting

ISBN: 978-1119048541

11th Canadian edition Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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Question Posted: Sep 02, 2023 10:11 AM

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Platinum Corporation issued 4,000 of its common shares for $66,000. The company also incurred $1,700 of costs

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To record the issuance of common shares by Platinum Corporation you need to make a journal entry tha...View the full answer

Intermediate Accounting

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