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Lewis Corporation issued 5,000 shares of $7 par value common stock for $18 per share. The entry to record this transaction is O a. 55,000 Additional Paid-in Capital Common Stock 35,000 Cash Ob. Common Stock Oc Cash Od. Cash Cash 90,000 Common Stock 90,000 Common Stock Additional Paid-in Capital 90,000 35,000 90,000 35,000 55,000 90,000

Lewis Corporation issued 5,000 shares of $7 par value common stock for $18 per share. The entry to record this transaction is O a. 55,000 Additional Paid-in Capital Common Stock 35,000 Cash Ob. Common Stock Oc Cash Od. Cash Cash 90,000 Common Stock 90,000 Common Stock Additional Paid-in Capital 90,000 35,000 90,000 35,000 55,000 90,000

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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Subject: accounting 

 

Lewis Corporation issued 5,000 shares of $7 par value common stock for $18 per share. The entry to record this transaction is a. Additional Paid-in Capital 55,000 Common Stock 35,000 Ob. Common Stock Oc Cash O d. Cash Cash Cash 90,000 Common Stock 90,000 Common Stock Additional Paid-in Capital 90,000 35,000 90,000 35,000 55,000 90,000
Transcribed Image Text:Lewis Corporation issued 5,000 shares of $7 par value common stock for $18 per share. The entry to record this transaction is a. Additional Paid-in Capital 55,000 Common Stock 35,000 Ob. Common Stock Oc Cash O d. Cash Cash Cash 90,000 Common Stock 90,000 Common Stock Additional Paid-in Capital 90,000 35,000 90,000 35,000 55,000 90,000
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