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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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