10

Nexis Corp. issues 1,740 shares of $11 par value common stock at $16 per share. When the transaction is journalized, credits are made to Common Stock, $8,700 and Paid-In Capital in Excess of Stated Value, $19,140 Common Stock, $8,700 and Retained Earnings, $19,140 Common Stock, $27,840 Common Stock, $19,140, and Paid-In Capital In Excess of Par-Common Stock, $8,700