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

Question # 00518301
Subject: Accounting
Topic: Accounting
Due on: 04/27/2017
Posted On: 04/27/2017 02:12 AM

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

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