Question

In exchange for $1,500 legal services to help set up the new company, Hickory Grove Corporation issued 100 shares of $10 par value stock to its attorney. The entry to record the issuance of the stock would include a
A. credit to Common Stock for $1,000.
B. debit to Common Stock for $1,000.
C. credit to Common Stock for $1,500.
D. debit to Paid-In Capital in Excess of Par Value for $500.

Answer 1

@jackthegreatest

Answer 2

hmm 100 x 10 = 1000

Answer 3

so A or B?

Answer 4

hard choice man

Answer 5

uh im guessing A XD

Answer 6

-_- @OtherWorldly get out of here

Answer 7

XO where'd u get all those fans @jackthegreatest

Answer 8

Whats going on?

Answer 9

i still have 30

Answer 10

nothing @erib we got sidetracked haha

Answer 11

u got 33

Answer 12

I still think its A

Answer 13

why? credit would mean liability

Answer 14

^_^ ok i searched up debit and now i think its B

Answer 15

why?

Answer 16

lol jk

Answer 17

XD

Answer 18

honestly i have no idea @erib but your best bet is b

Answer 19

Y'all are too much but thanks @jackthegreatest

Answer 20

(of a bank or other financial organization) remove (an amount of money) from a customer's account, typically as payment for services or goods. < debit

Answer 21

@OtherWorldly just refreshed the page, yep i do have 33 haha

Answer 22

XD seriously r u on here all day

Answer 23

nah i was only on for 30 min before you came

Answer 24

yeah but how many times were u on before that