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Coronado, Inc. issued 10200 shares of stock at a stated value of$7 per share. The total issue of stock sold for $13 per share. Thejournal
Coronado, Inc. issued 10200 shares of stock at a stated value of$7 per share. The total issue of stock sold for $13 per share. Thejournal entry to record this transaction would include a
| debit to Cash for $71400. |
| credit to Common Stock for $71400. |
| credit to Common Stock for $132600. |
| credit to Paid-in Capital in Excess of Par for $132600. |
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
