ACCT 2213-Napis Co. is a brand new corporation that

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Question # 00518301 Subject Accounting Topic Accounting Tutorials: 1
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Napis Co. is a brand new corporation that has not yet issued any stock. The corporation has approved the issuance of 1,000 shares of stock with a $1 par value to John Giles in exchange for equipment appraised at $900. The company is new, and no shares have ever been issued for cash. The equipment account should be debited for:


is it even possible to tell with the information given?

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  1. ACCT 2213-Napis Co. is a brand new corporation that

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