$ 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