Hsu, Inc.issued 10,000 shares of stock at a stated value of $8/share.The total issue of stock sold for $15 per share.The journal entry to record this transaction would include a
A) debit to Cash for $80,000.
B) credit to Common Stock for $80,000.
C) credit to Paid-in Capital in Excess of Par for $150,000.
D) credit to Common Stock for $150,000.
Correct Answer:
Verified
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