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Title: The entry to record selling 100 shares of no-par common stock with a stated value of $30 for $40 ... Post by: upton on Jun 6, 2017 The entry to record selling 100 shares of no-par common stock with a stated value of $30 for $40 would be to:
A) debit Cash for $4,000; credit Common Stock for $1,000; credit Paid-In Capital in Excess of Par Value-Common for $3,000. B) debit Cash for $4,000; credit Common Stock for $3,000; credit Paid-In Capital in Excess of Stated Value-Common for $1,000. C) debit Cash for $4,000; credit Common Stock for $4,000. D) debit Common Stock for $4,000; credit Cash for $4,000. Title: Re: The entry to record selling 100 shares of no-par common stock with a stated value of $30 for $40 ... Post by: keytwo on Jun 6, 2017 Content hidden
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