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anonymous

  • one year ago

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

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  1. anonymous
    • one year ago
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    @TorilovesVampires

  2. anonymous
    • one year ago
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    could it be C?

  3. anonymous
    • one year ago
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    hurry hurry my test is running out of time

  4. anonymous
    • one year ago
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    or D

  5. anonymous
    • one year ago
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    PLEEEEZ imretaking the tst

  6. anonymous
    • one year ago
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    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

  7. anonymous
    • one year ago
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    im sorry its just tht i have limited time to finish lol

  8. anonymous
    • one year ago
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    How many minutes left do you have and how many more questions do you have?

  9. anonymous
    • one year ago
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    17 mins and 9 q's

  10. anonymous
    • one year ago
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    Well, you better get going xD

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spraguer (Moderator)
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