15 23 12 9 When Wisconsin Corporation was formed on January 1, the corporate charter provided...

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15 23 12 9 When Wisconsin Corporation was formed on January 1, the corporate charter provided for 89,800 shares of $11 par value common stock. During its first month of operation, the corporation issued 6,350 shares of stock at a price of $28 per share. The journal entry for this transaction would include a a) credit to Common Stock for $177,800 b) credit to Paid-In Capital in Excess of Par-Common Stock for $107,950 Oc) debit to Cash for $69,850 Od) debit to Common Stock for $89,800 Question 13 (3 points) 15 23 12 9 When Wisconsin Corporation was formed on January 1, the corporate charter provided for 89,800 shares of $11 par value common stock. During its first month of operation, the corporation issued 6,350 shares of stock at a price of $28 per share. The journal entry for this transaction would include a a) credit to Common Stock for $177,800 b) credit to Paid-In Capital in Excess of Par-Common Stock for $107,950 Oc) debit to Cash for $69,850 Od) debit to Common Stock for $89,800 Question 13 (3 points)