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Description: Received $45,000 cash from Alex Xu as an additional investment in exchange for common stock. Which of the following isthe journal entry the company should record?

Business

Accounting

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?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 22EB: Prepare journal entries to record the following transactions: A. October 9, issued common stock in...

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