The entry to record the issuance of 2,000 shares of $10 par-value common stock for...
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Accounting
The entry to record the issuance of 2,000 shares of $10 par-value common stock for $14 a share consists of a debit to Cash for $28,000 and a credit to Common Stock for
$10,000 and a credit to Treasury Stock for $4,000
$10,000 and a credit to Gain on Sale of Common Stock for $4,000
$20,000 and a credit to Paid-in Capital in Excess of Par Value--Common Stock for $4,000
$28,000
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