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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:

Sagot :

Danielle's journal entry to record this transaction would include a:credit to common stock.

What is Journal entry?

Journal entry is simply the book of original entry.

Assuming the company received the amount of  $2,000,000 from investors and issued them shares of its stock the appropriate  journal entry to record this transaction would include a credit to common stock,

Journal entry

Debit Cash $2,000,000

Credit Common stock $2,000,000

Inconclusion Danielle's journal entry to record this transaction would include a:credit to common stock.

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