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Community Growers Group issued 17,000 shares of $1 par common stock for cash of $50 per share. Which ONE of the following should be included
Community Growers Group issued 17,000 shares of $1 par common stock for cash of $50 per share. Which ONE of the following should be included in the journal entry necessary to record the issuance of these shares? CREDIT Common Stock at Par for $850,000 CREDIT Paid-in Capital in Excess of Par for $17,000 CREDIT Cash for $850,000 CREDIT Common Stock at Par for $17,000 CREDIT Paid-in Capital in Excess of Par for $850,000
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