Which of the Following Journal Entries Doesn't Reflect the Initial $\quad$

question 16

Multiple Choice

Which of the following journal entries doesn't reflect the initial cash sale of shares of common stock?

• A) Cash
• \( \quad \)\( \quad \)Common stock (no par)
• B) Cash
• \( \quad \) Common stock (par value)
• \( \quad \) Capital in excess of par
• C) Cash
• \( \quad \) Common stock (stated value)
• D) Cash
• \( \quad \) Common stock (stated value)
• \( \quad \) Gain on sale of stock

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