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32.On 1 November Yasmine Company Pty Ltd issued 100 000 shares for $5 each. The...

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Question

Accounting

32.On 1 November Yasmine Company Pty Ltd issued 100 000 shares for $5 each. The correct entry to record this transaction is:

Group of answer choices

1.DR Cash $500 000; CR Share capital $500 000

2.DR Shareholder's equity $500 000; CR Cash $500 000

3.DR Cash $500 000; CR Share capital $500 000

4.DR Cash $500 000; CR Shareholder's equity $500 000

Answer & Explanation Solved by verified expert
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