A corporation sold 13,500 shares of its $10 par value common stock at a cash price of $14 per share The entry to record this transaction would include A credit to Paid in Capital in Excess of Par Value, Common Stock for $189,000 A debit to Paid in Capital in Excess of Par Value, Common Stock for $54,000 A credit to Common Stock for $189,000 A credit to Paid in Capital in Excess of Par Value, Common Stock for $54,000 A debit to Cash for $135,000

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Question: A corporation sold 13,500 shares of its $10 par value common stock at a cash price of $14 per share. The entry to record this

A corporation sold 13,500 shares of its $10 par value common stock at a cash price of $14 per share. The entry to record this transaction would include:

A credit to Paid-in Capital in Excess of Par Value, Common Stock for $189,000.
A debit to Paid-in Capital in Excess of Par Value, Common Stock for $54,000.
A credit to Common Stock for $189,000.
A credit to Paid-in Capital in Excess of Par Value, Common Stock for $54,000.
A debit to Cash for $135,000.

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Question: A corporation sold 13,500 shares of its $10 par value common stock at a cash price of $14 per share. The entry to record this

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