30. Which of the following is included in the entry to record the issuance of 14,000 shares of $7 par value common stock at $21 per share for cash? A) Cash is debited for $294,000. B) Common Stock is debited for $98,000. C) Common Stock is credited for $294,000. D) Paid-In Capital in Excess of Par-Common is debited for $196,000. 31. The following information is from the December 31, 2018 balance sheet of Millner Corporation. Preferred Stock, $100 par Paid-In Capital in Excess of Par-Preferred Common Stock, $1 par Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity $560,000 43,000 190,000 510,000 191,500 $1,494,500 What was the average issue price of the common stock shares? (Round your answer to the nearest cent.) A) $1.88 B) $1.00 C) $2.68 D) $3.68 32. Pumpkin Corporation issued 10,000 shares of common stock on January 1, 2018. The stock has no par value and was issued at $17 per share. The journal entry for this transaction includes a A) debit to Cash for $170,000 and a credit to Common Stock-No-Par Value for $170,000 B) debit to Cash for $170,000 and a credit to Paid-In Capital in Excess of Par- Common for $170,000 C) credit to Cash for $170,000 and a debit to Common Stock-No-Par Value for $170,000 D) credit to Cash for $170,000, a debit to Paid-In Capital in Excess of Par Common for $10,000, and a debit to Common Stock-No-Par Value for $160,000