QUESTION 12 A corporation sold 14,000 shares of its $1 par value common stock at a...

 

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QUESTION 12 A corporation sold 14,000 shares of its $1 par value common stock at a cash price of $13 per share. The entry to record this transaction would include A debit to Paid-in Capital in Excess of Par Value, Common Stock for $182,000. O A credit to Common Stock for $182,000. O A credit to Paid-in Capital in Excess of Par Value, Common Stock for $196,000. O A debit to Cash for $14,000. A credit to Common Stock for $14,000. QUESTION 12 A corporation sold 14,000 shares of its $1 par value common stock at a cash price of $13 per share. The entry to record this transaction would include A debit to Paid-in Capital in Excess of Par Value, Common Stock for $182,000. O A credit to Common Stock for $182,000. O A credit to Paid-in Capital in Excess of Par Value, Common Stock for $196,000. O A debit to Cash for $14,000. A credit to Common Stock for $14,000.

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A credit to Common Stock for 14000 The entr... View the full answer