Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 14 Aug 2017 My Price 4.00

Morgan Co.

Morgan Co. purchased 2,000 shares of Astas $1 par common stock for $143,000 plus $500 broker fees. They consider this investment an available for sale investment. The entry to record the acquisition of the investment would include a: a) Credit to Common stock for $2,000 b) Debit to Common Stock for $2,000 c) Debit to Common stock for $143,500 d) Debit to Investments for 143,000 e) Debit to Investments for $143,500 PLEASE DON'T just give me answer , ALSO TELL ME WHY?

Answers

Maurice Tutor
(5)
Status NEW Posted 14 Aug 2017 03:08 PM My Price 4.00

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