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Nature's Honey Corporation Received the Final Installment of $1,000 on a Stock

Question 114

Multiple Choice

Nature's Honey Corporation received the final installment of $1,000 on a stock subscription for 20 shares of $100 par value common stock.After recording the cash receipt,the entry to issue the stock would include a:


A) debit to Paid-in Capital in Excess of Par Value-Common for $2,000.
B) credit to Paid-in Capital in Excess of Par Value-Common for $2,000.
C) debit to Common Stock for $2,000.
D) debit to Common Stock Subscribed for $2,000.

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