The entry to record the issuance of 13,000 shares of no- par value common stock at $25 per share includes a:
A) credit to Retained Earnings for $325,000.
B) credit to Paid- in Capital in Excess of Par Value- Common for $325,000.
C) credit to Common Stock for $325,000.
D) debit to Retained Earnings for $325,000.
Correct Answer:
Verified
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