Multiple Choice
The entry to record the issuance of 12,500 common shares at $2.50 per share includes a:
A) debit to Retained Earnings for $31,250
B) credit to Retained Earnings for $31,250
C) credit to Common Shares for $31,250
D) credit to Contributed Surplus for $31,250
Correct Answer:
Verified
Correct Answer:
Verified
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