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A corporation sold 10,000 shares of its $10 par value common stock at a cash price of $12 per share. The entry to record this

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A corporation sold 10,000 shares of its $10 par value common stock at a cash price of $12 per share. The entry to record this transaction would include: A credit to Common Stock for $100,000 A credit to Contributed Capital in Excess of Par Value. Common Stock, for $120,000. A debit to Contributed Capital in Excess of Par Value. Common Stock, for $10,000. A debit to Cash for $100,000 A credit to Common Stock for $120,000

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