A corporation sold 14,000 shares of its $10 par value common stock at a cash price of $13 per share.The entry to record this transaction would include:
A)A debit to Contributed Capital in Excess of Par Value,Common Stock,for $42,000.
B)A debit to Cash for $140,000.
C)A credit to Common Stock for $182,000.
D)A credit to Common Stock for $140,000.
E)A credit to Contributed Capital in Excess of Par Value,Common Stock,for $182,000.

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The Answer of A corporation sold 14,000 shares of its $10 par value common stock at a cash price of $13 per share.The entry to record this transaction would include:
A)A debit to Contributed Capital in Excess of Par Value,Common Stock,for $42,000.
B)A debit to Cash for $140,000.
C)A credit to Common Stock for $182,000.
D)A credit to Common Stock for $140,000.
E)A credit to Contributed Capital in Excess of Par Value,Common Stock,for $182,000.

A Corporation Sold 14,000 Shares of Its $10 Par Value