Question: Gervin Inc. sold 1,520 shares of its $2.5 par common stock. If the issue price is $7.5 per share. To record the sale of

Gervin Inc. sold 1,520 shares of its $2.5 par common stock. If

the issue price is $7.5 per share. To record the sale of

Gervin Inc. sold 1,520 shares of its $2.5 par common stock. If the issue price is $7.5 per share. To record the sale of the shares, the credit to common stock is $ Bella Donna Company has 100,000 shares of $3 par common stock issued and outstanding as of January 1, 2018. The shares were originally issued for $9 per share. On February 3, 2018, Bella Donna repurchased 7,360 shares at $6 per share for the purposes of retiring them. What will the debit to Paid in capital in excess of par with February 3rd journal entry?

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