Nebraska Inc. issues 4,400 shares of common stock for $140,800. The stock has a stated...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Nebraska Inc. issues 4,400 shares of common stock for $140,800. The stock has a stated value of $13 per share. The journal entry to record the stock issuance would include a credit to Common Stock for
A. $4,400
B. $83,600
C. $57,200
D. $140,800
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
