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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please help me.
Thankyou.
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
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education