1. If Marvine Company issues 2,000 shares of $5 par value common stock for $140,000, the appropriate journal entry to records this transaction will include:

	Paid-in Capital in Excess of Par Value will be credited for $10,000.
	Cash will be debited for $130,000.
	Common Stock will be credited for $140,000.
	Paid-in Capital in Excess of Par Value will be credited for $130,000.