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Centex, Inc. issued 51,000 shares of its $1 par value common stock for $20 per share. The journal entry to record the stock issue
Centex, Inc. issued 51,000 shares of its $1 par value common stock for $20 per share. The journal entry to record the stock issue would include which of the following? Multiple Choice A credit to additional paid-in capital for $1,020,000. A credit to cash for $1,020,000. A credit to common stock for $51,000. A credit to additional paid-in capital for $51,000.
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