A journal entry for the sale of \$10-par common stock for \$18 per share would include (Points : 3) a credit to Cash. a debit to Common Stock. a credit to Paid-In Capital in Excess of Par - Common Stock. a debit to Paid-In Capital in Excess of Par - Common Stock.
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Updated 11/16/2014 6:02:49 PM
Original conversation
User: A journal entry for the sale of \$10-par common stock for \$18 per share would include (Points : 3) a credit to Cash. a debit to Common Stock. a credit to Paid-In Capital in Excess of Par - Common Stock. a debit to Paid-In Capital in Excess of Par - Common Stock.

Weegy: A journal entry for the sale of \$10-par common stock for \$18 per share would include : c. a credit to Paid-in Capital in Excess of Par-Common Stock.
jeifunk|Points 32477|

User: The total number of shares the corporate charter allows a corporation to issue is called authorized stock. (Points : 3) True False

Updated 11/16/2014 6:02:49 PM
Rating
5
The total number of shares the corporate charter allows a corporation to issue is called authorized stock. TRUE.
Confirmed by jeifunk [11/16/2014 6:08:34 PM]

If the stated interest rate on bonds is less than the current market rate, the bonds will sell at a discount.
Updated 11/16/2014 5:58:57 PM
If the stated interest rate on bonds is less than the current market rate, the bonds will sell at a discount. TRUE.
Confirmed by jeifunk [11/16/2014 6:09:35 PM]
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