Bentley Corporation received cash from issuing 12,000 shares of common stock of par on January 1, 2018. The stock has a

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Bentley Corporation Received Cash From Issuing 12 000 Shares Of Common Stock Of Par On January 1 2018 The Stock Has A 1 (23.25 KiB) Viewed 48 times

Bentley Corporation received cash from issuing 12,000 shares of common stock of par on January 1, 2018. The stock has a par value of $0 02 per share. Which is the corredoumal entry to record this transaction? CD O A. Cash is credited for $12,000 and Common Stock-5002 Par Value is debited for $12.000 OB. Paid - in Capital in Excess of Pan-Common is debited for $11,760, and Common Stock-5002 Par Value is credited for $11.760 OC Cash is debited for $240, and Common Stock-$0.02 Par Value is credited for $240, OD. Cash is debited for $12,000, Common Stock $0.02 Par Value is credited for $240, and Paid - in Capital incess of Par-Common credited for $11,760