If stock is issued at a price above par value, the transaction that would be recorded is to
a. debit Cash, credit Common Stock or Preferred Stock, and credit Paid-In Capital in Excess of Par.
b. debit Common Stock or Preferred Stock, debit Paid-In Capital in Excess of Par, and credit Cash.
c. debit Cash, debit Common Stock or Preferred Stock, and credit Paid-In Capital in Excess of Par.
d. debit Paid-In Capital in Excess of Par, credit Common Stock or Preferred Stock, and credit Cash.
a
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