Question
Blue issues 3100 shares of $10 par value common stock at $12 per share. When the transaction is recorded, which accounts are credited? O
Blue issues 3100 shares of $10 par value common stock at $12 per share. When the transaction is recorded, which accounts are credited? O Common Stock $31000 and Retained Earnings $6200 O Common Stock $37200 O Common Stock $31000 and Paid-in Capital in Excess of Par $6200 O Common Stock $31000 and Gain on Stock Sale $6200
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
10th edition
978-1337491471
