Homework Clinic

Social Science Clinic => Accounting => Topic started by: kodithompson on Feb 18, 2020

Title: The entry to record selling 400 shares of $28 stated value common stock for $44 per share would include:
Post by: kodithompson on Feb 18, 2020

The entry to record selling 400 shares of $28 stated value common stock for $44 per share would include:
◦ crediting Paid-in Capital in Excess of Stated Value for $6,400.
◦ crediting Cash for $17,600.
◦ debiting Paid-in Capital in Excess of Stated Value for $6,400.
◦ debiting Common Stock for $17,600.

Title: The entry to record selling 400 shares of $28 stated value common stock for $44 per share would include:
Post by: stallen on Feb 18, 2020

crediting Paid-in Capital in Excess of Stated Value for $6,400.