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Quiche & Tell, Inc., is authorized to sell 2,000,000, $3 par value common stock. On May 3, it issued 60,000 at $11 each. The journal
Quiche & Tell, Inc., is authorized to sell 2,000,000, $3 par value common stock. On May 3, it issued 60,000 at $11 each. The journal entry to record the issuance of this stock includes a ______. (Select all that apply.)
debit Cash $22,000,000 | ||
credit Common Stock $660,000 | ||
debit Common Stock $22,000,000 | ||
credit Paid-in Capital in Excess of Par $480,000 | ||
credit Common Stock $180,000 | ||
credit Common Stock $22,000,000 | ||
debit Cash $660,000 | ||
credit Cash $660,000 |
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