25.

When a company issues 37,000 shares of $4 par value common stock for $40 per share, the journal entry for this issuance would include:

• A debit to Additional Paid-in Capital for $148,000.

• A credit to Additional Paid-in Capital for $1,332,000.

• A credit to Common Stock for $1,480,000.

• A debit to Cash for $148,000.