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Author Question: Stockit, Inc. issued 2,000 of common stock on February 1, 2011. The journal entry to record this ... (Read 76 times)

bb

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on: Jul 5, 2018
Stockit, Inc. issued 2,000 of common stock on February 1, 2011. The journal entry to record this transaction would include ________.
 
  A) a credit to Common stock of 2,000
  B) a debit to Cash of 2,000
  C) a credit to Notes payable of 2,000
  D) more than one of these

Question 2

Purchases of merchandise are typically credited to the merchandise inventory account under the perpetual inventory system.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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dmurph1496

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Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

False


bb

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Reply 2 on: Jul 5, 2018
:D TYSM

amynguyen1221

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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