Q304
Proceeds of company shares of sold stock is recorded in
A.
preferred stock account
B.
common stock account
AnswerC.
due stock account
D.
preceded stock account
Answer: Option B
Solution
Answer: Option B
Solution:
Proceeds of company shares of sold stock is recorded in common stock account. The common stock account is a general ledger account in which is recorded the par value of all common stock issued by a corporation.