E Calculator A corporation issues 4,500 shares of common stock for $144,000. The stock has a stated value of $19 per share. What amount of credit to Common Stock would the journal entry to record the stock issuance include? Select the correct answer. $85,500 $144,000 $4,500 $58,500

E Calculator A corporation issues 4,500 shares of common stock for $144,000. The stock has a stated value of $19 per share. What amount of credit to Common Stock would the journal entry to record the stock issuance include? Select the correct answer. $85,500 $144,000 $4,500 $58,500

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 1RE: Brown Corporation issues 800 shares of its 5 par common stock for 20 per share. Prepare the journal...

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Question

E Calculator
A corporation issues 4,500 shares of common stock for $144,000. The stock has a stated value of $19 per share. What
amount of credit to Common Stock would the journal entry to record the stock issuance include?
Select the correct answer.
$85,500
$144,000
$4,500
$58,500

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