Question

Nebraska Inc. issues 2,750 shares of common stock for $88,000. The stock has a stated value of $12 per share. The journal entry to record the stock issuance would include a credit to Common Stock for

Answer 1

Answer:

33,000

Explanation:

The entry would include the stock issuance for common stock with a credit amount of 33,000. This can be calculated as 2750 * 12 = 33,000, this is because the stated value of a stock is $12.

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