Nairan2303 Nairan2303
  • 16-01-2024
  • Business
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Record the issuance of 47,000 additional shares of $1 par value common stock for $44 per share.

a. Debit: Common Stock, $47,000; Credit: Cash, $44 per share.
b. Debit: Cash, $47,000; Credit: Common Stock, $44 per share.
c. Debit: Retained Earnings, $47,000; Credit: Common Stock, $44 per share.
d. Debit: Common Stock, $44 per share; Credit: Cash, $47,000.

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