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Hanson Co. issued 10,000 shares of its $5 par common stock for $15 a share. Assume the sale occurred after the initial issuance at incorporation.
Hanson Co. issued 10,000 shares of its $5 par common stock for $15 a share. Assume the sale occurred after the initial issuance at incorporation. The entry to record the sale and related expenses would include a
Group of answer choices
a. credit to Additional Paid-in Capital on Common Stock for $81,500.
b. credit to Organization Expense for $18,500.
c. credit to Common Stock for $150,000
d. debit to Cash for $150,000.
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