Multiple Choice
Which of the following is included in the entry to record the issuance of 14,000 shares of $7 par value common stock at $21 per share for cash?
A) Cash is debited for $294,000.
B) Common Stock is debited for $98,000.
C) Common Stock is credited for $294,000.
D) Paid-In Capital in Excess of Par-Common is debited for $196,000.
Correct Answer:
Verified
Correct Answer:
Verified
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