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A corporation issued 3,700 shares of its no par common stock at a cash price of $10 per share. The entry to record this transaction

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A corporation issued 3,700 shares of its no par common stock at a cash price of $10 per share. The entry to record this transaction would be: Multiple Choice O Debit Common Stock $37000, credit Cash $37.000 Debit Cash 537,000 credit Common Stock $37.000 Debit Treasury Stock $3.700, debit Paid-in Capital in Excess of Per Value Treasury Stock $33,300; credit Debit Cash $37000 sreda Common Stock $37.000, Debit Treasury Stock 53.700 debit Paid-in Capital in Excess of Par Value. Treasury Stock $33,300, credit Common Stock 537000 Debit Cash 537,000 credit Prid-in Capital in Excess of Par Value, Common Stock $3,700, credit Common Stock $33,300 Debit Treasury Stock 537,000 credit Cash $37.000

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