25.

When a company issues 33,000 shares of $4 par value common stock for $40 per share, the journal entry for this issuance would include a:

Multiple Choice

• Debit to Cash for $132,000.

• Credit to Additional Paid-in Capital for $1,188,000.

• Credit to Common Stock for $1,320,000.

• Debit to Additional Paid-in Capital for $132,000.