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A corporation sold 9,000 shares of its $10 par value common stock at a cash price of $13 per share. The entry to record this
A corporation sold 9,000 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 A credit to Common Stock for $117,000 A credit to Paid-in Capital in Excess of Par Value, Common Stock for $117,000. A debit to Cash for $90,000. A debit to Paid-in Capital in Excess of Par Value, Common Stock for $27,000
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