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25 February, 14:42

Danielle Corporation received $2,000,000 from investors and issued them shares of its stock. Danielle's journal entry to record this transaction would include a: a. Credit to revenue. b. Debit to investments. c. Credit to common stock. d. Credit to retained earnings.

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  1. 25 February, 15:40
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    c. Credit to common stock.

    Explanation:

    Usually it's the credit to common stock in an amount equal to the par times stocks issued with the rest credited to Paid-in capital in excess of par.
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Home » Business » Danielle Corporation received $2,000,000 from investors and issued them shares of its stock. Danielle's journal entry to record this transaction would include a: a. Credit to revenue. b. Debit to investments. c. Credit to common stock. d.
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