The journal entry to issue 1,000,000 shares of $5 par common stock for $9 per share...
The journal entry to issue 1,000,000 shares of $5 par common stock for $9 per share on July 2 would be
a.
July 2
Cash9,000,000
Common Stock9,000,000
b.
July 2
Cash5,000,000
Common Stock5,000,000
c.
July 2
Cash5,000,000
Paid-In Capital in Excess of Par—Common Stock4,000,000
Common Stock9,000,000
d.
July 2
Cash9,000,000
Common Stock5,000,000
Paid-In Capital in Excess of Par—Common Stock4,000,000
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The journal entry to issue 1,000,000 shares of $5 par common
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