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A firm issued 5,000 shares of $1 par-value common stock, receiving proceeds of $20 per share. The accounting entry for the paid-in capital in excess of par account is A) $5,000.…

A firm issued 5,000 shares of $1 par-value common stock, receiving proceeds of $20 per share. The accounting entry for the paid-in capital in excess of par account is A) $5,000.…
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A firm issued 5,000 shares of $1 par-value common stock, receiving proceeds of $20 per share. The accounting entry for the paid-in capital in excess of par account is

A) $5,000.
B) $ 95,000.
C) $100,000.
D) $0.

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User Determinant
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1 Answer

3 votes
95,000 B
The answer
answered
User Gremo
by
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