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ABC sells 400 shares of its $23 par common stock for $27. The
entry would entail credit(s. to __________.
A. Cash for $9,200
B. Paid-in Capital in Excess of Par-Common for $800; Common
Stock for $10,800
C. Paid-in Capital in Excess of Par-Common for $1,600;
Common Stock for $9,200
D. Common Stock for $10,800

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ABC sells 400 shares of its $23 par common stock for $27. The entry .docx

  • 1. ABC sells 400 shares of its $23 par common stock for $27. The entry would entail credit(s. to __________. A. Cash for $9,200 B. Paid-in Capital in Excess of Par-Common for $800; Common Stock for $10,800 C. Paid-in Capital in Excess of Par-Common for $1,600; Common Stock for $9,200 D. Common Stock for $10,800