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K Eastern Corporation issued 5,000 shares of no-par common stock for $4 per share on December 13. Record the stock issuance. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Dec. 13 Accounts and Explanation Debit Credit

K Eastern Corporation issued 5,000 shares of no-par common stock for $4 per share on December 13. Record the stock issuance. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Dec. 13 Accounts and Explanation Debit Credit

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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K Eastern Corporation issued 5,000 shares of no-par common stock for $4 per share on December 13. Record the stock issuance. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Dec. 13 Accounts and Explanation Debit Credit
Transcribed Image Text:K Eastern Corporation issued 5,000 shares of no-par common stock for $4 per share on December 13. Record the stock issuance. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Dec. 13 Accounts and Explanation Debit Credit
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