The Entry to Record MidIowa

question 28

Multiple Choice

The entry to record MidIowa.net selling 1,000 shares of $8.00 par value common stock at $10.00 would be to:

• A) debit Cash $10,000; credit Common Stock $8,000; credit Paid-in Capital in Excess of Par Value-Common $2,000.
• B) debit Cash $10,000; credit Common Stock $10,000.
• C) debit Cash $8,000; debit Paid-in Capital in Excess of Par Value-Common $2,000; credit Common Stock $10,000.
• D) None of these answers is correct.

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Definitions:

Myelination

The process of forming a myelin sheath around the nerves in the brain and spinal cord, which improves the speed and efficiency of electrical signal transmission.

Auditory Information

Information that is received and processed through the sense of hearing.

Brain Weight

The mass of the brain, which in adult humans averages about 1.3 to 1.4 kg (approximately 2.9 pounds), though it varies between individuals and across different age and sex groups.

Myelination

The process of coating the axons of neurons with a fatty layer, called myelin, which improves the speed and efficiency of electrical signal transmission in the nervous system.