Which of the Following Journal Entries Is Correct When Common $\quad$

question 114

Multiple Choice

Which of the following journal entries is correct when common stock is sold for cash at a price greater than par value? A.Cash
$\quad$ Retained earnings
B. Cash
$\quad$ Additional paid-in capital
$\quad$ Common Stock
C. Cash
$\quad$ Common Stock
D. Cash
$\quad$ Common stock
$\quad$ Additional paid-in capital

• A) Option A
• B) Option B
• C)Option C
• D)Option D

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Definitions:

Ought

Expresses a sense of duty, obligation, or appropriateness, often linked to moral or societal standards.

Ideal Self

A person's concept of how they would like to be, encompassing their goals, aspirations, and standards of perfection.

Actual Self

Refers to an individual's perception of themselves as they are, in contrast to how they might wish to be or believe they should be.

Sadness

A mood characterized by feelings of disadvantage, grief, or disappointment.