A Journal Entry for the Sale of $10 Par-Common Stock

question 163

Multiple Choice

A journal entry for the sale of $10 par-common stock for $18 per share would include a:

• A)credit to Cash.
• B)debit to Common Stock.
• C)credit to Paid-In Capital in Excess of Par-Common Stock.
• D)debit to Paid-In Capital in Excess of Par-Common Stock.

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Definitions:

Consent

The permission for something to happen or an agreement to do something, especially used in contexts involving sexual activity.

Relationship

A connection or association between two or more people, which may be based on emotions, commitments, or mutual agreements.

Rape Trauma Syndrome

A form of post-traumatic stress disorder affecting individuals who have been raped or sexually assaulted.

Depressed

A mood disorder characterized by persistent sadness, loss of interest, and a lack of pleasure in daily activities.