Knorr issues 1,000 shares of $2 par value common stock for $10 per share. The journal entry to record this transaction will include which of the following?
A) Credit to Common stock $2,000
B) Credit to Common stock $10,000
C) Credit to Additional paid-in capital $8,000
D) Credit to Retained earnings $8,000
Answers: 1
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Knorr issues 1,000 shares of $2 par value common stock for $10 per share. The journal entry to recor...
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