River, Inc. issued 6,000 shares of $2 par value common stock…
River, Inc. issued 6,000 shares of $2 par value common stock for $13 per share. The journal entry to record this transaction is a. Cash $78,000 Common Stock $12,000 Paid-in-Capital $66,000 b. Cash $78,000 Common Stock $12,000 Retained Earnings $66,000 c. Cash $12,000 Common Stock $12,000 d. Cash $78,000 Common Stock $78,000