Problem: S Company issued 100 shares of common stock at $10 per share. If the stock was no-par stock, the journal entry to record the issuance would include a a) crebit to Cash for $1,000 b) credit to Paid-in-Capital in Excess of Par for $1,000 c) credit to Common Stock for $1,000 d) debit to Paid-in-Capital in Excess of Par for $1,000

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S Company issued 100 shares of common stock at $10 per share. If the stock was no-par stock, the journal entry to record the issuance would include a

a) crebit to Cash for $1,000

b) credit to Paid-in-Capital in Excess of Par for $1,000

c) credit to Common Stock for $1,000

d) debit to Paid-in-Capital in Excess of Par for $1,000

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