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VIKOSGYRL

1.The entry to record selling 300 shares of no-par common stock with a stated value of $60 for $70 would be to __________.

A. debit Cash $21,000; credit Common Stock $21,000

B. debit Cash $18,000; credit Common Stock $18,000

C. debit Cash $21,000; credit Common Stock $18,000; debit Paid-in Capital in Excess of Par Value-Common $3,000

A. debit Cash $6,400; credit Common Stock $4,800; credit Paid-in Capital in Excess of Par Value-Common $1,600
B. debit Cash $4,800; credit Common Stock $4,800
C. debit Cash $6,400; debit Paid-in Capital in Excess of Par Value-Common $1,600; credit Common Stock $8,000
D. none of the above

A. Paid-in Capital and Retained Earnings
B. Stock and Retained Earnings
C. Stock, Paid-in Capital, and Retained Earnings
D. Authorized Stock and Preferred Stock

A. $0

B. $500

C. $2,500

D.$1100.00