D Question 6 3.25 pts Wayne Co. issues 5,000 shares of $10 par value common stock...

Transcribed Image Text:

D Question 6 3.25 pts Wayne Co. issues 5,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, credits are made to: O Common Stock $70,000. O Common Stock $50,000 and Paid-in Capital in Excess of Stated Value $20,000. O Common Stock $50,000 and Retained Earnings $20,000. O Common Stock $50,000 and Paid-in Capital in Excess of Par Value $20,000. M D Question 6 3.25 pts Wayne Co. issues 5,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, credits are made to: O Common Stock $70,000. O Common Stock $50,000 and Paid-in Capital in Excess of Stated Value $20,000. O Common Stock $50,000 and Retained Earnings $20,000. O Common Stock $50,000 and Paid-in Capital in Excess of Par Value $20,000. M

Answer rating: 100% (QA)

When Wayne Co issues 5000 shares of 10 par value common stock at ... View the full answer