A corporation sold 12,000 shares of its $10 par value common stock at a cash price of $13 per share. The entry to record this transaction would include: rev: 07_08_2013_QC_31613

A debit to Paid-in Capital in Excess of Par Value, Common Stock for $12,000.

A credit to Common Stock for $156,000.

A credit to Paid-in Capital in Excess of Par Value, Common Stock for $156,000.

A debit to Cash for $120,000.

A credit to Common Stock for $120,000.