On December 1 SJ Company Issued 800 Shares of No-Par

question 68

Multiple Choice

On December 1 SJ Company issued 800 shares of no-par common stock for $7200.The stock has stated value of $2 per share? Use the following tabular analysis to record the receipt of cash and issuance of shares:

• A)Increase Cash and increase Common Stock for $7200.
• B)Increase Cash for $7200 and increase Common Stock $1600 and Sales Revenue $5600.
• C)Increase Cash for $7200 and increase Common Stock for $ 1600 and Paid-in Capital in Excess of Stated Value for $5600.
• D)Increase Sales Revenue and increase Cash for $7200.

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Definitions:

Arterial Wall

The layer of tissue constituting the outer structure of an artery, comprising three layers: the intima, media, and adventitia, crucial in maintaining blood pressure and circulation.

Pulmonary Circuit

Circulatory pathway between the lungs and the heart.

Systemic Circuit

The part of the cardiovascular system that circulates blood between the heart and the rest of the body, except for the lungs.

Systole

The phase of the cardiac cycle during which the heart muscle contracts, resulting in the ejection of blood into the systemic circulation.