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A corporation issued 3,600 shares of its no par common stock at a cash price of $14 per share. The entry to record this transaction

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A corporation issued 3,600 shares of its no par common stock at a cash price of $14 per share. The entry to record this transaction would be: Muitiple Choice Debit Cash $50,400; credit Paid-in Capitol in Excess of Por Value, Common Stock $3,600; credit Common Stock $46,800 Debit Cash $50.400, credit Common Stock $50.400 Debir Common Stock $50,400, credir Cash $50,400

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