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Author Question: Torres, Inc. Productions issued 40 shares of $16 par value stock to its accountant in full payment ... (Read 49 times)

genevieve1028

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on: Feb 18, 2020
Torres, Inc. Productions issued 40 shares of $16 par value stock to its accountant in full payment for her $1,300 fee for assisting in setting up the new company. The entry to record the issuance of the stock would include a:
◦ credit to Common Stock for $640.
◦ credit to Common Stock for $1,300.
◦ debit to Common Stock for $640.
◦ debit to Paid-in Capital in Excess of Par–Common for $660.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by genevieve1028 on Feb 18, 2020

Rilsmarie951

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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genevieve1028

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Reply 2 on: Feb 18, 2020
Excellent

debra928

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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