Question
#36. Which of the following is included in the entry to record the issuance of 10,000 shares If $8 par value common stock at $15
#36. Which of the following is included in the entry to record the issuance of 10,000 shares If $8 par value common stock at $15 per share for cash? multiple choice
A. Paid - In Capital in Excess of Par- Common is debited for $70,000.
B. Cash is debited for $150.000.
C. Common Stock is debited for $80,000.
D. Common Stock is credited for $150,000.
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Fraud Auditing And Forensic Accounting
Authors: Tommie W. Singleton, Aaron J. Singleton, G. Jack Bologna, Robert J. Lindquist
3rd Edition
0471785911, 978-0471785910
