Washington Corporation issued 4,000 shares of its $20 par value common stock for $23 per share.The entry to record the issuance would include a:
A) debit to Cash for $80,000.
B) credit to Common Stock for $12,000.
C) credit to Common Stock for $80,000.
D) debit to Paid-in Capital in Excess of Par Value for $12,000.
Correct Answer:
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