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A corporation sold 12,000 shares of its $10 par value common stock at a cash price of $11 per share. The entry to record this

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A corporation sold 12,000 shares of its $10 par value common stock at a cash price of $11 per share. The entry to record this transaction would include: Multiple Choice A credit to Common Stock for $120,000. A debit to Cash for $120,00o. A credit to Paidin Capital in Excess of Par Value, Common Stock for $132.000 A credit to Common Stock for $132,000 A debit to Paid-in Capital in Excess of Par Vaue Common Stock for S12.000

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