A corporation sold 11,000 shares of its $10 par value common stock at a cash...
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Accounting
A corporation sold 11,000 shares of its $10 par value common stock at a cash price of $14 per share. The entry to record this transaction would include: Mukiple Choice A credito Paid-in Capital in Ercess of Par Value, Common Stock for $264,000. A credit to Common Stock, $10 Par Vatue for $54,000. A debit to Cash for 5110.000 A credit to Common Stock, 510 Par Value for $110,000. A debit to Paidin Capial in fixceiss of Par Value, Common Stock for $154,000
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