$ 600 . $ 6,000 . $ 12,000 . 13- Multiple Choice Question 87 If stock is issued for less than par value , the account
Paid-In Capital in Excess of Par is debited if a debit balance exists in the account .
Paid-In Capital in Excess of Par is debited if a credit balance exists in the account .
Paid-In Capital in Excess of Par is credited . Retained Earnings is credited . 14- Multiple Choice Question 83
When stock is issued for legal services , the transaction is recorded by debiting Organization Expense for the
par value of the stock . market value of the stock . book value of the stock . stated value of the stock . 15- Multiple Choice Question 160