Wild Bill Company recently issued 10,000 shares of $1 per value common stock for $35,500.This transaction will affect Wild Bill Company by increasing the_____.

Question

Quizplus · Accepted Answer

BThe Common Stock account increases by the par value of the shares issued, which is $10,000 (10,000 shares * $1 per share). The remainder ($35,500 - $10,000 = $25,500) is recorded in the Capital in Excess of Par account.

Wild Bill Company Recently Issued 10,000 Shares of $1 Per