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    Financial Accounting Study Set 24
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    Exam 6: Reporting and Interpreting Sales Revenue, Receivables, and Cash
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    Harris Company Issued 10,000 Shares of Its Common Shares for Cash
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Harris Company Issued 10,000 Shares of Its Common Shares for Cash

Question 31

Question 31

Multiple Choice

Harris Company issued 10,000 shares of its common shares for cash. The journal entry to record the share issue would include


A) a debit to Retained Earnings.
B) a credit to Common Shares.
C) a debit to Common Shares.
D) a credit to Cash.

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