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Jennifer corporation sold 15,000 shares of its $10 stated value common stock at a cash price of $14 per share. The entry to record this
Jennifer corporation sold 15,000 shares of its $10 stated value common stock at a cash price of $14 per share. The entry to record this transaction would include: Select one: a. A debit to Common Stock for $150,000. b. A credit to Cash for $210,000. c. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $60,000. d. A credit to Paid-in Capital in Excess of Stated Value, Common Stock for $60,000.
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