{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T06:54:26-04:00", "answer_date": "2024-06-28 06:54:26", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4257743", "url": "\/study-help\/questions\/1-multiple-choice-stringer-corporation-issued-5000-shares-of-2-4257743", "question_creation_date_js": "2024-06-28T06:54:26-04:00", "question_creation_date": "Jun 28, 2024 06:54 AM", "meta_title": "[Solved] 1. (Multiple Choice) Stringer Corporation | SolutionInn", "meta_description": "Answer of - 1. (Multiple Choice) Stringer Corporation issued 5,000 shares of $2 par value common stock. The issue price was $7.50 | SolutionInn", "meta_keywords": "1,multiple,choice,stringer,corporation,issued,5,000,shares,$2,par,value,common", "question_title_h1": "1. (Multiple Choice) Stringer Corporation issued 5,000 shares of $2 par value common stock. The issue price was $7.50 per share. The entry to record", "question_title": "1. (Multiple Choice) Stringer Corporation issued 5,000 shares of $2 par value", "question_title_for_js_snippet": "1 (Multiple Choice) Stringer Corporation issued 5,000 shares of $2 par value common stock The issue price was $7 50 per share The entry to record this transaction includes a A debit to Cash for $10,000 B debit to Paid in Capital in Excess of Par for $27,500 C debit to Common Stock for $10,000 D credit to Gain on Stock $37,500 E None of these 2 (Multiple Choice) On April 1, 20X6, Ratchford Industries issued $500,000 of credit to Bonds Payable of $503,000 C a debit to Premium on Bonds Payable of $15,000 D All of the above E None of these ", "question_description": "

1. (Multiple Choice)<\/span><\/p>

Stringer Corporation issued 5,000 shares of $2 par value common stock. The issue price was $7.50 per share. The entry to record this transaction includes a: <\/p>

A. debit to Cash for $10,000. <\/p>

B. debit to Paid-in Capital in Excess of Par for $27,500. <\/p>

C. debit to Common Stock for $10,000. <\/p>

D. credit to Gain on Stock $37,500. <\/p>

E. None of these<\/p>

<\/p>

<\/p>

<\/p>

2. (Multiple Choice) <\/p>

On April 1, 20X6, Ratchford Industries issued $500,000 of credit to Bonds Payable of $503,000. C. a debit to Premium on Bonds Payable of $15,000. D. All of the above. E. None of these. <\/p>

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