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

what do you think it is

Answer 2

I'm not sure

Answer 3

well gess

Answer 4

i will tell you if your wrong or right

Answer 5

B

Answer 6

not quite

Answer 7

hint how does our parents pay for groceries that are verry expensive when they dont have enough cash what do they use then to pay for the stuff.

Answer 8

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

Answer 9

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