Question

Five hundred shares of $25 par common stock was exchanged for a piece of equipment with a fair market value of $13,500. The journal entry to record the transaction would include a
A. credit to Equipment for $12,500.

B. debit to Common Stock for $12,500.

C. credit to Paid-In Capital in Excess of Par—Common for $1,000.

D. credit to Common Stock for $13,500

Answer 1

@TorilovesVampires

Answer 2

could it be C?

Answer 3

hurry hurry my test is running out of time

Answer 4

or D

Answer 5

PLEEEEZ imretaking the tst

Answer 6

You have to understand this isn't easy not for you and not for us..I am trying to help you here and you just keep saying " HURRY, HURRY" like okay calm down..I am trying my best. The correct answer is C

Answer 7

im sorry its just tht i have limited time to finish lol

Answer 8

How many minutes left do you have and how many more questions do you have?

Answer 9

17 mins and 9 q's

Answer 10

Well, you better get going xD