audielynn5683
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ABC sells 400 shares of its $23 par common stock for $27. The entry would entail credit(s) to

A. Common Stock for $10,800.
B. Paid-In Capital in Excess of Par-Common for $800 and Common Stock for $10,800.
C. Cash for $9,200.
D. Paid-In Capital in Excess of Par-Common for $1,600 and Common Stock for $9,200.

Respuesta :

The answer is the second one or B
Meochi

The correct answer to your question is letter D. Paid in Capital in Excess of Par - Common for $1,600 and Common Stock for $9,200.

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