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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 300 shares of stated value $60 common stock for $70 per share would be:
A) debit Cash $21,000; credit Common Stock $21,000.
B) debit Cash $18,000; credit Common Stock $18,000.
C) debit Cash $18,000; debit Paid-in Capital in Excess of Stated Value–$3,000; credit Common Stock $21,000.
D) debit Cash $21,000; credit Common Stock $18,000; credit Paid-in Capital in Excess of Stated Value–$3,000.
Textbook 
Financial Accounting

Financial Accounting


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

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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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