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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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6 years ago
The entry to record MidIowa.net selling 1,000 shares of $6.00 par value common stock at $8.00 would be to:
A) debit Cash $8,000; credit Common Stock $8,000.
B) debit Cash $6,000; debit Paid-in Capital in Excess of Par Value-Common $2,000; credit Common Stock $8,000.
C) debit Cash $8,000; credit Common Stock $6,000; credit Paid-in Capital in Excess of Par Value-Common $2,000.
D) None of these answers is correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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6 years ago
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upton Author
wrote...

6 years ago
Good timing, thanks!
deathwing
wrote...

Yesterday
Brilliant ツ
kh540941
wrote...

2 hours ago
this is exactly what I needed
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