If a Corporation Issues 10,000 Shares of $1 Par Value

question 145

Multiple Choice

If a corporation issues 10,000 shares of $1 par value common stock for $9000,the journal entry would include a credit to:

• A)Common Stock for $9000.
• B)Paid-in Capital in Excess of Par-Common for $9000.
• C)Common Stock for $10,000.
• D)Retained Earnings for $10,000.

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