Alt corp. issues 3,000 shares of $10 par value common stock at $14 per share. when the transaction is recorded, credits are made to: a. common stock $30,000 and paid-in capital in excess of stated value $12,000.b. common stock $28,000.c. common stock $30,000 and paid-in capital in excess of par value $12,000.d. common stock $30,000 and retained earnings $12,000.

c. Common Stock $30,000 and Paid-in Capital in Excess of Par Value $12,000

Explanation:

The journal entry for the issue of shares is shown below:

Cash A/c Dr $ (3,000 shares × $14 per share) = $42,000

   To common stock  (3,000 shares × $10 per share) = $30,000

   To Paid-in Capital in Excess of Par Value  $12,000

(Being issue of shares recorded)

So, the cash account is debited whereas the common stock and paid-in capital should be credited

And, the remaining balance should be transferred to the Paid-in Capital in Excess of Par Value

is this a

(75years ,i believe is the correct answer.good luck