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:

Punitive Punishment

Penalties intended to punish, deter, and rehabilitate offenders by imposing suffering or discomfort.

Prosecutors

are legal officials who represent the government in the prosecution of criminal offenses, tasked with presenting the case against an accused person in court.

Judges

Individuals appointed or elected to preside over legal proceedings, making decisions on matters of law and justice.

Federal Tax Dollars

Money collected by the government from the public through various taxes, used to fund government programs and services.