question archive If Everly Company issues 1,000 shares of $5 par value common stock for $75,000, the account a
If Everly Company issues 1,000 shares of $5 par value common stock for $75,000, the account a
Subject:AccountingPrice: Bought3
If Everly Company issues 1,000 shares of $5 par value common stock for $75,000, the account a. Common Stock will be credited for $75,000. b. Cash will be debited for $70,000. c. Paid-in Capital in excess of Par Value will be credited for $70,000. d. Paid-in Capital in excess of Par Value will be credited for $5,000. > Click Submit to complete this assessment
