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Assume that Hide-Slide, Inc. issues 10,000 shares of $10 par value common stock, the journal entry if 10,000 shares are issued @$15 per share is:
Assume that Hide-Slide, Inc. issues 10,000 shares of $10 par value common stock, the journal entry if 10,000 shares are issued @$15 per share is: a. Debit to cash $150,000, credit to common stock $100,000 and credit to paid in capital in excess of par value $50,000 O b. Debit to cash $100,000 and credit to common stock $100,000. OC. Debit to cash $100,000, credit to common stock $150,000 and debit to paid in capital in excess of par value $50,000. O d. Debit to cash $150,000 and credit to common stock $150,000
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