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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PLEEEEZ imretaking the tst
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
im sorry its just tht i have limited time to finish lol
How many minutes left do you have and how many more questions do you have?