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Title: Bradley Corporation received cash from issuing 17,000 shares of common stock at par on January 1, ... Post by: H3Ko on Sep 3, 2016 Bradley Corporation received cash from issuing 17,000 shares of common stock at par on January 1, 2017. The stock has a par value of $0.05 per share. Which is the correct journal entry to record this transaction?
A) Cash is debited for $850, and Common Stock$0.05 Par Value is credited for $850. B) Cash is credited for $17,000 and Common Stock$0.05 Par Value is debited for $17,000. C) Cash is debited for $17,000, Common Stock$0.05 Par Value is credited for $850, and Paid-In Capital in Excess of Par-Common credited for $16,150. D) Paid-In Capital in Excess of ParCommon is debited for $16,150, and Common Stock$0.05 Par Value is credited for $16,150. Title: Re: Bradley Corporation received cash from issuing 17,000 shares of common stock at par on January ... Post by: .unplugged. on Sep 3, 2016 Content hidden
Title: Re: Bradley Corporation received cash from issuing 17,000 shares of common stock at par on January 1, ... Post by: H3Ko on Oct 12, 2016 I just realized you had posted this! Thanks so much
Title: Re: Bradley Corporation received cash from issuing 17,000 shares of common stock at par on January ... Post by: BigBoss1998 on Sep 24, 2018 Thank you
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