Multiple Choice
If a corporation issues 5000 shares of $5 par value common stock for $85,000,the journal entry would include a credit to:
A) Common Stock for $85,000.
B) Paid-in Capital in Excess of Par-Common for $85,000.
C) Common Stock for $60,000.
D) Paid-in Capital in Excess of Par-Common for $60,000.
Correct Answer:
Verified
Correct Answer:
Verified
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