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A corporation sold 15,500 shares of its $10 par value common stock at a cash price of $12 per share. The entry to record
A corporation sold 15,500 shares of its $10 par value common stock at a cash price of $12 per share. The entry to record this transaction would include: Multiple Choice A debit to Cash for $155,000 A credit to Paid-in Capital in Excess of Par Value. Common Stock for $341,000 A debit to Paid-in Capital in Excess of Par Value. Common Stock for $186,000 A credit to Common Stock for $155,000 A credit to Common Stock for $186,000
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