Question:ABC Corporation issues 1,000 shares of $10 par value common stock at $12 per share. In recording the transaction, credit are made to:
A Common Stock $10,000 and Paid-in Capital in Excess of State Value $2000.
B Common Stock $2000.
C Common Stock $10,000 and Retained Earning $2000.
D Common Stock $10,000 and Paid-in Capital in Excess of Par Value $2,000
+ AnswerD
+ Report
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