Question
A corporation sold 19,000 shares of its $10 par value common stock at a cash price of $13 per share. The entry to record
A corporation sold 19,000 shares of its $10 par value common stock at a cash price of $13 per share. The entry to record this transaction would include: Multiple Choice O A credit to Common Stock for $247,000. A debit to Cash for $190,000. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $437,000. A debit to Paid-in Capital in Excess of Par Value, Common Stock for $247,000. A credit to Common Stock for $190,000.
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Financial accounting
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
9th edition
978-0132751216, 132751127, 132751216, 978-0132751124
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