Multiple Choice
On 1 January Make More Company Pty Ltd issued 10 000 shares for $3 each. Which of the following is the correct entry to record this transaction?
A) Debit bank $30 000; credit shareholder's equity $30 000
B) Debit bank $10 000; credit share capital $10 000
C) Debit bank $30 000; credit share capital $30 000
D) Debit share capital $10 000; credit bank $10 000
Correct Answer:
Verified
Correct Answer:
Verified
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