The Entry to Record the Issuance of 13,000 Shares of No-Par

question 85

Multiple Choice

The entry to record the issuance of 13,000 shares of no-par value common stock at $25 per share includes a:

• A)credit to Common Stock for $325,000.
• B)debit to Retained Earnings for $325,000.
• C)credit to Retained Earnings for $325,000.
• D)credit to Paid-in Capital in Excess of Par Value-Common for $325,000.

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