Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Sep 2017 My Price 4.00

Value Home

Suppose Value Home and Garden Imports issued 400,000 shares of $0.10 par common stock at $4 per share. Which journal entry correctly records the issuance of this stock?

a

Common stock

1,600,000
 

Cash

40,000
 

Paid-in capital in excess of par—common

1,560,000
     

b

Common stock

1,600,000
 

Cash

1,600,000
     

c

Cash

1,600,000
 

Common stock

40,000
 

Paid-in capital in excess of par—common

1,560,000
     

d

Cash

1,600,000
 

Common stock

1,600,000

 

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Sep 2017 02:09 PM My Price 4.00

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