Business, 17.12.2020 17:50 briannamaee13
Concord Corporation issued 8000 shares of stock at a stated value of $10/share. The total issue of stock sold for $15/share. The journal entry to record this transaction would include a:.
a. credit to Common Stock for $120000.
b. credit to Paid-in Capital in Excess of Par Value for $40000.
c. debit to Cash for $80000.
d. credit to Common Stock for $80000.
Answers: 1
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Concord Corporation issued 8000 shares of stock at a stated value of $10/share. The total issue of s...
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