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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
The entry to record selling 150 shares of $30 stated value common stock for $40 per share would include:
A) debiting Common Stock for $6,000.
B) crediting Cash for $6,000.
C) crediting Paid-in Capital in Excess of Stated Value for $1,500.
D) debiting Paid-in Capital in Excess of Stated Value for $1,500.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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7 years ago
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tivo Author
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#2
7 years ago
Thank you for helping me with my accounting homework, will ask again
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