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Unformatted text preview: share). The sale of the stock is recorded by increasing (debiting) cash and increasing (crediting) common stock by $5,000. General Journal Date Account Title and Description Ref. Debit Credit 20X0 June 1 Cash 5,000 Common Stock 5,000 Sale of stock...
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This note was uploaded on 11/15/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.
- Spring '09