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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
The entry to record TLR, Inc. selling 800 shares of $6 par common stock at $8 per share would be to:
A) debit Cash $6,400; credit Common Stock $4,800; credit Paid-In Capital in Excess of Par–Common Stock $1,600.
B) debit Cash $4,800; credit Common Stock $4,800.
C) debit Cash $6,400; debit Paid-In Capital in Excess of Par–Common $1,600; credit Common Stock $8,000.
D) debit Cash $6,400; credit Common Stock $6,400.
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Financial Accounting

Financial Accounting


Edition: 3rd
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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bravata Author
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6 years ago
This is a life saver
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