Dude Duds, Inc. is a clothing retailer specializing in affordable family apparel. Prepare journal entries...
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Accounting
Dude Duds, Inc. is a clothing retailer specializing in affordable family apparel. Prepare journal entries and related adjusting entries (if any) for the transaction below for the first quarter ending March 31 of the current year. Issued 360,000 shares of $1 par value common stock for $2,250,000 on Jan 1. Select one: O a. Debit Common Stock $360,000; Debit APIC $1,890,000; Credit Cash $2,250,000 O b. Debit Cash $2,250,000; Credit Common Stock $360,000; Credit APIC $1,890,000 c. Debit Cash $2,250,000; Credit Common Stock $2,250,000 d. Debit Common Stock $2,250,000; Credit Cash $2,250,000 e. No journal entry or adjusting entry required
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