If a company issues 1,000 shares of $2 par value common stock at a market...
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Accounting
If a company issues 1,000 shares of $2 par value common stock at a market price of $60 per share, which of the following is the correct balance sheet entry?
Select one:
A. Increase cash by $60,000 and increase earned capital by $60,000
B. Increase revenues by $60,000
C. Increase cash by $60,000 and increase contributed capital by $60,000
D. Increase common stock and cash by $2,000
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