Question: The first image is the original question, the rest are the answer choices for each box. Question 1 1.5 pts Apple Inc. sells 2m shares

The first image is the original question, the rest are the answer choices for each box.

The first image is the original question, the rest are the answerchoices for each box. Question 1 1.5 pts Apple Inc. sells 2mshares of common stock with a par value of $0.0001 for $70.The journal entry to record the sale of stock is DR [Select]

Question 1 1.5 pts Apple Inc. sells 2m shares of common stock with a par value of $0.0001 for $70. The journal entry to record the sale of stock is DR [Select] D [Select] [Select] Question 1 1.5 pts Apple Inc. sells 2m shares of common stock with a par value of $0.0001 for $70. The journal entry to record the sale of stock is [Select ] Cash $200 Paid In Capital $140m Common Stock $140m Paid in Capital $200 Common Stock $200 Cash $140m Question 1 1.5 pts Apple Inc. sells 2m shares of common stock with a par value of $0.0001 for $70. The journal entry to record the sale of stock is DR [Select] [Select ] Common Stock $200 Cash $139,999,800 Common Stock $140m Common Stock $139,999,800 Paid In Capital $139,999,800 Question 1 1.5 pts Apple Inc. sells 2m shares of common stock with a par value of $0.0001 for $70. The journal entry to record the sale of stock is DR [Select ] CR [Select] [Select ] Paid in Capital $140m Cash $140m Paid in Capital $139,999,800 Common Stock $139,999,980 Common Stock $200

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!