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Blue Spruce Corp. issued 900 shares of no-par common stock for $17100. Which of the following journal entries would be made if the stock has
Blue Spruce Corp. issued 900 shares of no-par common stock for $17100. Which of the following journal entries would be made if the stock has no stated value?
(A) Common Stock - No-Par Value 17100
Cash 17100
(B) Cash 17100
Common Stock - No-Par Value 900
Paid-in Capital in Excess of Par 16200
(C) Cash 17100
Common Stock - No-Par Value 17100
(D) Cash 17100
Common Stock - No-Par Value 900
Paid-in Capital in Excess of Stated Value 16200
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