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Crane Merchandising Company issued 710 shares of no-par common stock for $13490. Which of the following journal entries would be made if the stock has no stated value? Cash Common Stock Cash Common Stock Paid-in Capital in Excess of Par Common Stock Cash Cash 13490 13490 13490 13490 13490 710 12780 13490

Crane Merchandising Company issued 710 shares of no-par common stock for $13490. Which of the following journal entries would be made if the stock has no stated value? Cash Common Stock Cash Common Stock Paid-in Capital in Excess of Par Common Stock Cash Cash 13490 13490 13490 13490 13490 710 12780 13490

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Crane Merchandising Company issued 710 shares of no-par common stock for $13490. Which of the following journal entries would be made if the stock has no stated value? Cash Common Stock Cash Common Stock Paid-in Capital in Excess of Par Common Stock Cash Cash 13490 13490 13490 13490 13490 710 12780 13490
Transcribed Image Text:Crane Merchandising Company issued 710 shares of no-par common stock for $13490. Which of the following journal entries would be made if the stock has no stated value? Cash Common Stock Cash Common Stock Paid-in Capital in Excess of Par Common Stock Cash Cash 13490 13490 13490 13490 13490 710 12780 13490
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