Suppose House and Garden Furniture issued 250,000 shares of its $5 par common stock at $6 per share. Which journal entry correctly records the issuance of this stock?

DATE Common Stock Cash Paid-in Capital in Excess of Par Cash Common Stock Cash Common Stock Paid-in Capital in Excess of Par Common Stock Cash ACCOUNTS a.

b.

c.

d.

POST REF. DR. CR.

1,250,000 250,000 1,500,000 1,250,000 250,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 AppendixLO1