The entry to record issuance of 6,000 shares of $5 par value common stock for $8 cash
Question:
The entry to record issuance of 6,000 shares of $5 par value common stock for $8 cash per share includes a
a. Debit to Paid-In Capital in Excess of Par Value for $18,000.
b. Credit to Common Stock for $48,000.
c. Credit to Paid-In Capital in Excess of Par Value for $30,000.
d. Credit to Cash for $48,000.
e. Credit to Common Stock for $30,000.
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