Cey, Inc.issued 10,000 shares of stock at a stated value of $10/share.The total issue of stock sold for $15/share.The journal entry to record this transaction would include a
A)debit to Cash for $100,000.
B)credit to Common Stock for $100,000.
C)credit to Paid-in Capital in Excess of Par Value for $50,000.
D)credit to Common Stock for $150,000.

Question

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The Answer of Cey, Inc.issued 10,000 shares of stock at a stated value of $10/share.The total issue of stock sold for $15/share.The journal entry to record this transaction would include a
A)debit to Cash for $100,000.
B)credit to Common Stock for $100,000.
C)credit to Paid-in Capital in Excess of Par Value for $50,000.
D)credit to Common Stock for $150,000.

Cey, Incissued 10,000 Shares of Stock at a Stated Value of of $10/share.The