Question: PRINTER VERSION NEXT Multiple Choice Question 98 Sheridan, Inc. issued 11300 shares of stock at a stated value of $10/share. The total issue of stock

 PRINTER VERSION NEXT Multiple Choice Question 98 Sheridan, Inc. issued 11300

PRINTER VERSION NEXT Multiple Choice Question 98 Sheridan, Inc. issued 11300 shares of stock at a stated value of $10/share. The total issue of stock sold for $12 per share. The journal entry to record this transaction would include a debit to Cash for $113000. credit to Common Stock for $113000. , credit to Common Stock for $135600. credit to Paid-in Capital in Excess of Par for $135600. Question Attempts: 0 of 1 used SAVE FOR LATERSUBMIT

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