• anonymous
The entry to record MidIowa.net’s selling 800 shares of $6.00 par value common stock at$8.00 would be which of the following? A. Debit Cash $6,400; credit Common Stock$4,800; credit Paid-In Capital in Excess of Par Value—Common $1,600 B. Debit Cash$4,800; credit Common Stock $4,800 C. Debit Cash$6,400; debit Paid-In Capital in Excess of Par Value—Common $1,600; credit Common Stock$8,000 D. None of the above
Finance

Looking for something else?

Not the answer you are looking for? Search for more explanations.