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A corporation sold 11,000 shares of its $10 par value common stock at a cash price of $14 per share. The entry to record
A corporation sold 11,000 shares of its $10 par value common stock at a cash price of $14 per share. The entry to record this transaction would include: Multiple Choice A credit to Paid-In Capital In Excess of Par Value, Common Stock for $264,000. A debit to Paid-In Capital In Excess of Par Value, Common Stock for $154,000. A credit to Common Stock for $110,000. A debit to Cash for $110,000. A credit to Common Stock for $154,000.
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