The entry to record selling 150 shares of $30 stated value common stock for $40 per share would include:
A) debiting Common Stock for $6,000.
B) crediting Cash for $6,000.
C) crediting Paid-in Capital in Excess of Stated Value for $1,500.
D) debiting Paid-in Capital in Excess of Stated Value for $1,500.
Correct Answer:
Verified
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