Multiple Choice
Which of the following would be included in the entry to record the issuance of 5,000 shares of $10 par value common stock at $13 per share cash?
A) Cash would be debited for $65,000.
B) Common Stock would be debited for $50,000.
C) Common Stock would be credited for $65,000.
D) Paid-In Capital in Excess of Par-Common would be debited for $15,000.
Correct Answer:
Verified
Correct Answer:
Verified
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