The company is authorized to sell 100,000 shares. The entry to record the issuance of 16,000 shares of $5 par value common stock at $12 per share would include a credit to Paid-in Capital in Excess of Par Value of what amount? If the amount should be a debit, enter 0.

a. 112000
b. 123000
c. 113000
d. 114000

Ans: a. 112000

Business

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