Received $45,000 cash from Alex Xu as an additional investment in exchange for common stock. Which of the following is the journal entry the company should record? a. Cash 45,000 Common Stock 45,000 b. Common Stock 45,000 Cash 45,000 c. Cash 45,000 Dividends 45,000
Received $45,000 cash from Alex Xu as an additional investment in exchange for common stock. Which of the following is the journal entry the company should record? a. Cash 45,000 Common Stock 45,000 b. Common Stock 45,000 Cash 45,000 c. Cash 45,000 Dividends 45,000
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10Q: On April 2, West Company declared a cash dividend of $0.50 per share. There are 50,000 shares...
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Received $45,000 cash from Alex Xu as an additional investment in exchange for common stock. Which of the following is the journal entry the company should record?
a.
Cash 45,000
Common Stock 45,000
b.
Common Stock 45,000
Cash 45,000
c.
Cash 45,000
Dividends 45,000
d.
Common Stock 45,000
Sales Revenue 45,000
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