A company issues one hundred shares of no- par common stock with a $10 stated value for $17 per share. The entry to record this issuance includes a:
A) credit to Common Stock for $1,700.
B) debit to Paid- in Capital in Excess of Stated Value-Common for $1,000.
C) credit to Common Stock for $700.
D) credit to Paid- in Capital in Excess of Stated Value-Common for $700.
Correct Answer:
Verified
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