The entry to record selling 150 shares of no-par common stock with a stated value of $30 for $40 would be which of the following?
A. Debit Common Stock $6,000; credit Cash $6,000

B. Debit Cash $6,000; credit Common Stock $6,000

C. Debit Cash $6,000; credit Common Stock $4,500; credit Paid-In Capital in Excess of Stated Value—Common $1,500

D. Debit Cash $6,000; credit Common Stock $4,500; credit Paid-In Capital in Excess of Par Value—Common $1,500

Question

The entry to record selling 150 shares of no-par common stock with a stated value of $30 for $40 would be which of the following?
A. Debit Common Stock $6,000; credit Cash $6,000
	
B. Debit Cash $6,000; credit Common Stock $6,000
	
C. Debit Cash $6,000; credit Common Stock $4,500; credit Paid-In Capital in Excess of Stated Value—Common $1,500
	
D. Debit Cash $6,000; credit Common Stock $4,500; credit Paid-In Capital in Excess of Par Value—Common $1,500

anonymous · Answer

@PrincessHush @TorilovesVampires

anonymous · Answer

D?

anonymous · Answer

i think thats right

anonymous · Answer

lol

anonymous · Answer

yur typing didnt come in princess

anonymous · Answer

It's Your but the correct answer is D

anonymous · Answer

i know its your u smarty pantz lol

anonymous · Answer

thnxx