Caesar Cruise Lines, Inc. issues 8000 shares of its no-par common stock. The issue price of the stock is $24 per share. What is the journal entry required to record the issuance of the shares? Group of answer choices Cash 8000 Common Stock—no par 8000 Common Stock 8000 Addl. Paid-in Capital in Excess of Par—Common 8000 Cash 192,000 Common Stock—no par 192,000 Cash 192,000 Common Stock—no par 8000 Addl. Paid-in Capital in Excess of Par—Common 184,000

Caesar Cruise Lines, Inc. issues 8000 shares of its no-par common stock. The issue price of the stock is $24 per share. What is the journal entry required to record the issuance of the shares? Group of answer choices Cash 8000 Common Stock—no par 8000 Common Stock 8000 Addl. Paid-in Capital in Excess of Par—Common 8000 Cash 192,000 Common Stock—no par 192,000 Cash 192,000 Common Stock—no par 8000 Addl. Paid-in Capital in Excess of Par—Common 184,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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