ABC Corporation issued 100 shares of $100 par value common stock in exchange for $50,000...
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Accounting
ABC Corporation issued 100 shares of $100 par value common stock in exchange for $50,000 cash. The entry to record this transaction includes a debit to common stock for $50,000. a credit to PIC for $40,000. a credit to retained earnings for $10,000 At least two of the answers are correct
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