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Hayes Construction Company issued 1,200 shares of no-par common stock for $17,600. Which of the following journal entries would be made if the stock has no stated value? Seleccione una: a. Cash Common Stock Paid-in Capital in Excess of Par 17,600 O b. Cash O c. Common Stock Cash 17,600 O d. Cash Common Stock 1,200 Paid-in Capital in Excess of Stated Value 16,400 17,600 17,600 Common Stock Quitar mi elección 1,200 16,400 17,600 17,600

Hayes Construction Company issued 1,200 shares of no-par common stock for $17,600. Which of the following journal entries would be made if the stock has no stated value? Seleccione una: a. Cash Common Stock Paid-in Capital in Excess of Par 17,600 O b. Cash O c. Common Stock Cash 17,600 O d. Cash Common Stock 1,200 Paid-in Capital in Excess of Stated Value 16,400 17,600 17,600 Common Stock Quitar mi elección 1,200 16,400 17,600 17,600

FINANCIAL ACCOUNTING
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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Hayes Construction Company issued 1,200 shares of no-par common stock for $17,600. Which of the following journal entries would be made if the stock has no stated value? Seleccione una: O a. Cash Common Stock Paid-in Capital in Excess of Par 17,600 O b. Cash O c. Common Stock Cash 17,600 O d. Cash Common Stock 1,200 Paid-in Capital in Excess of Stated Value 16,400 17,600 17,600 Common Stock Quitar mi elección 1,200 16,400 17,600 17,600 Siguiente pa
Transcribed Image Text:Hayes Construction Company issued 1,200 shares of no-par common stock for $17,600. Which of the following journal entries would be made if the stock has no stated value? Seleccione una: O a. Cash Common Stock Paid-in Capital in Excess of Par 17,600 O b. Cash O c. Common Stock Cash 17,600 O d. Cash Common Stock 1,200 Paid-in Capital in Excess of Stated Value 16,400 17,600 17,600 Common Stock Quitar mi elección 1,200 16,400 17,600 17,600 Siguiente pa
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