A corporation sold 19,000 shares of its $10 par value common stock at a cash price...

 

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A corporation sold 19,000 shares of its $10 par value common stock at a cash price of $13 per share. The entry to record this transaction would include: Multiple Choice O A credit to Common Stock for $247,000. A debit to Cash for $190,000. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $437,000. A debit to Paid-in Capital in Excess of Par Value, Common Stock for $247,000. A credit to Common Stock for $190,000. A corporation sold 19,000 shares of its $10 par value common stock at a cash price of $13 per share. The entry to record this transaction would include: Multiple Choice O A credit to Common Stock for $247,000. A debit to Cash for $190,000. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $437,000. A debit to Paid-in Capital in Excess of Par Value, Common Stock for $247,000. A credit to Common Stock for $190,000.

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