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Make and what the journal entry is

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Question 1: Blacktown Ltd received consultation service from Wonderland Ltd in exchange for its 500 shares. Given that each share is worth $4 on the reporting date, the journal entry is:

Select one:

a. Dr consultation expense 2000 Cr Share capital 2000

b. Dr Cash 2000 Cr Share capital 2000

c. Dr share capital 2000 Cr Consultation expense 2000

d. Dr Share capital 2000 Cr Cash 2000

Reference no: EM132549880

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