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Suppose Fumiture Warehouse issued 300,000 shares of $0.10 par common stock at $3 per share. Which journal entry correctly records the issuance of this stock?
Suppose Fumiture Warehouse issued 300,000 shares of $0.10 par common stock at $3 per share. Which journal entry correctly records the issuance of this stock? OA. Date Accounts and Explanation Debit Credit Common Stock-$0.10 Par Value 900,000 Cash Paid-In Capital in Excess of Par-Common 30,000 870,000 . Date Accounts and Explanation Debit Credit Cash 900,000 Common Stock-$0.10 Par Value 900.000 OC. Date Accounts and Explanation Debit Credit Cash 900,000 Common Stock-$0.10 Par Value 30.000 e Paid-In Capital in Excess of Par-Common 870.000 OD. Date Accounts and Explanation Debit Credit
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