Mathematics, 15.12.2021 20:30 ayoismeisjjjjuan

John Kim agrees to contribute equipment with a fair market value of $5,000 in exchange for 100 shares of Rio Inc.'s common stock with a par value of $1 per share. Rio will record this transaction as a credit to which of the following accounts? (Check all that apply.)

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John Kim agrees to contribute equipment with a fair market value of $5,000 in exchange for 100 share...