Christianj3926 Christianj3926

12-11-2021
Business

contestada

X-Co issued 1,000 shares of its 5%, $100 par value, cumulative preferred stock for $100 cash per share. The journal entry to record this event includes a ______. (Check all that apply.)

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bcdouglass1 bcdouglass1

17-11-2021

Answer:

- $100,000 debit to cash

- $10,000 credit to preferred stock

- $90,000 credit to additional paid-in capital

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