Question: Help Save & Exit Submi Office Space, Inc. sold 30,000 shares of its no-par value common stock at a cash price of $10 per share.

 Help Save & Exit Submi Office Space, Inc. sold 30,000 shares
of its no-par value common stock at a cash price of $10

Help Save & Exit Submi Office Space, Inc. sold 30,000 shares of its no-par value common stock at a cash price of $10 per share. The entry to record this transaction would be: Multiple Choice Debit Cash $300,000; credit Common Stock $300,000 Debit Cash for $30,000; Credit Common Stock $30,000. Debit Common Stock $300,000; credit Cash $300,000, Debit Cash $300,000, credit Preferred Stock $300,000 Debit Cash $30,000; credit Preferred Stock $30,000. Help Save & A corporation issued 2,500 shares of its no par common stock at a cash price of $11 per share. The entry to record this transaction would be: Multiple Choice Debit Cash $27.500, credit Paid-in Capital in Excess of Par Value, Common Stock $2,500; credit Common Stock $25,000 O O Debit Cash $27,500; credit Common Stock $27.500. Debit Common Stock $27.500; Credit Cash $27,500 O Debit Treasury Stock $27,500, credit Cash $27,500. O O Debit Treasury Stock $2,500; debit Paid in Capital in Excess of Par Value Treasury Stock $25.000; credit Common Stock $27.500

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