Question
Which of the following is included in the entry to record the issuance of 11,000 shares of $6 par value common stock at $18 per
Which of the following is included in the entry to record the issuance of 11,000 shares of $6 par value common stock at $18 per share for cash?
| Cash is debited for $198,000. | ||
| Common Stock is debited for $66,000. | ||
| Common Stock is credited for $198,000. | ||
| Paid-In Capital in Excess of ParCommon is debited for $132,000. |
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Accounting Principles Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
9th Canadian Edition
978-1119786634, 1119786630
