The entry to record the issue for cash of 1,000 shares of $40 par common stock at $45 per share would include a ________
a. debit to Cash for $45,000 and a credit to Paid-In Capital in Excess of Par for $45,000
b. debit to Cash for $45,000, a credit to Common Stock for $40,000, and a credit to Paid-In Capital in Excess of Par for $5,000
c. debit to Cash for $5,000 and a credit to Common Stock for $5,000
d. debit to Cash for $45,000 and a credit to Common Stock for $45,000
b
Business
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Indicate whether the statement is true or false
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