Top Posters
Since Sunday
8
5
z
4
n
4
t
4
3
k
3
x
3
r
3
m
3
j
3
c
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bravata bravata
wrote...
Go to Answer
Posts: 1417
Rep: 1 0
7 years ago
The entry to record S&C, Inc. selling 1,000 shares of $12 par common stock for $20 per share would be to:
A) debit Cash $20,000; credit Common Stock $20,000.
B) debit Cash $20,000; credit Common Stock $12,000; credit Paid-In Capital in Excess of Par-Common Stock $8,000.
C) debit Cash $12,000; credit Common Stock $12,000.
D) debit Cash $12,000; debit Paid-In Capital in Excess of Par–Common $8,000; credit Common Stock $20,000.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
Read 144 times
1 Reply
Replies
Answer verified by a subject expert
largerthanlifelargerthanlife
wrote...
#1
Top Poster
Posts: 939
Rep: 33 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

bravata Author
wrote...

7 years ago
Thank you, thank you, thank you!
hmonier
wrote...

Yesterday
This helped my grade so much Perfect
Tim0301
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  913 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 216
  
 343
  
 55
Your Opinion
What's your favorite math subject?
Votes: 559
Previous poll results: Which country would you like to visit for its food?