Crane Construction Company issued 1230 shares of no-par common stock for $19400. Which of the following journal entries would be made if the stock has no stated value? Common Stock Cash Cash Common Stock Paid-in Capital in Excess of Stated Value 19400 19400 19400 19400 1230 18170

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Crane Construction Company issued 1230 shares of no-par common stock for $19400. Which of the following journal entries would
be made if the stock has no stated value?
Common Stock
Cash
Cash
Common Stock
Paid-in Capital in Excess of Stated Value:
19400
19400
19100
19400
1230
18170
Transcribed Image Text:Crane Construction Company issued 1230 shares of no-par common stock for $19400. Which of the following journal entries would be made if the stock has no stated value? Common Stock Cash Cash Common Stock Paid-in Capital in Excess of Stated Value: 19400 19400 19100 19400 1230 18170
Cash
Common Stock
Paid-in Capital in Excess of Par
Cash
Common Stock
19400
19400
1230
18170
19400
Transcribed Image Text:Cash Common Stock Paid-in Capital in Excess of Par Cash Common Stock 19400 19400 1230 18170 19400
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