Need Help Solving: A corporation sold 10,500 shares of its $10 par value common stock...
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Accounting
Need Help Solving:
A corporation sold 10,500 shares of its $10 par value common stock at a cash price of $15 per share. The entry to record this transaction would include:
Multiple Choice
A credit to Paid-in Capital in Excess of Par Value, Common Stock for $157,500.
A credit to Common Stock for $157,500.
A credit to Common Stock for $105,000.
A debit to Paid-in Capital in Excess of Par Value, Common Stock for $52,500.
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