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A corporation sold 13,000 shares of its $10 par value common stock at a cash price of $11 per share. The entry to record this
A corporation sold 13,000 shares of its $10 par value common stock at a cash price of $11 per share. The entry to record this transaction would include: -A debit to Cash for $130,000. -A credit to Contributed Capital in Excess of Par Value, Common Stock for $143,000. -A credit to Common Stock for $130,000. -A debit to Contributed Capital in Excess of Par Value, Common Stock for $13,000. -A credit to Common Stock for $143,000
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