Question

11) Pumpkin Corporation issued 6,000 shares of common stock on January 1, 2024. The stock has no par value and was issued at $19 per share. The journal entry for this transaction includes a D) credit to Cash for $114,000, a debit to Paid-In Capital in Excess of Par- Common for $6,000, and a debit to Common Stock-No-Par Value for $108,000 A) debit to Cash for $114,000 and a credit to Common Stock-No-Par Value for $114,000 C) credit to Cash for $114,000 and a debit to Common Stock-No-Par Value for $114,000 B) debit to Cash for $114,000 and a credit to Paid-In Capital in Excess of Par- Common for $114,000

          11) Pumpkin Corporation issued 6,000 shares of common stock on January 1, 2024. The stock has no par value and was
issued at $19 per share. The journal entry for this transaction includes a
D) credit to Cash for $114,000, a debit to Paid-In Capital in Excess of Par-
Common for $6,000, and a debit to Common Stock-No-Par Value for $108,000
A) debit to Cash for $114,000 and a credit to Common Stock-No-Par Value for
$114,000
C) credit to Cash for $114,000 and a debit to Common Stock-No-Par Value for
$114,000
B) debit to Cash for $114,000 and a credit to Paid-In Capital in Excess of Par-
Common for $114,000

11) Pumpkin Corporation issued 6,000 shares of common stock on January 1, 2024. The stock has no par value and was
issued at 19 per share. The journal entry for this transaction includes a
D) credit to Cash for114,000, a debit to Paid-In Capital in Excess of Par-
Common for 6,000, and a debit to Common Stock-No-Par Value for108,000
A) debit to Cash for 114,000 and a credit to Common Stock-No-Par Value for114,000
C) credit to Cash for 114,000 and a debit to Common Stock-No-Par Value for114,000
B) debit to Cash for 114,000 and a credit to Paid-In Capital in Excess of Par-
Common for114,000

Added by Celia S.

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