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Ugo [173]
3 years ago
15

A corporation sold 11,000 shares of its $10 par value common stock at a cash price of $14 per share. The entry to record this tr

ansaction would include:___________
Business
1 answer:
777dan777 [17]3 years ago
6 0

Answer:

A credit to Common Stock for $110,000. A further explanation is provided below.

Explanation:

Given:

Corporation sold,

= 11,000

Common stock per value,

= $10

Cash price,

= $14 per share

The entry record would include,

= Sold \ corporation\times Common \ stock

= 11000\times 10

= 110,000 ($)

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