Question

Washington Corporation issued 4,000 shares of its $20 par value common stock for $23 per share. The entry to record the issuance would include a
A. debit to Cash for $80,000.

B. credit to Common Stock for $12,000.

C. credit to Common Stock for $80,000.

D. debit to Paid-In Capital in Excess of Par Value for $12,000.

Answer 1

@PrincessHush @TorilovesVampires

Answer 2

@PrincessHush

Answer 3

ok yay

Answer 4

C. credit to Common Stock for $80,000.

Answer 5

ok thts what i thought

Answer 6

thnxx

Answer 7

your welcome