32. The entry to record the issuance of common stock at a price above par includes a debit to Organizational Expenses Common Stock a. b. Cash C. d. Paid-In Capital in Excess of Par-Common Stock 33. The Amex Corporation issues 10,000 shares of $50 par preferred stock for cash at $75 per share. The entry to record the transaction will consist of a debit to Cash for $750,000 and a credit or credits to Preferred Stock for $750,000 Preferred Stock for $500,000 and Paid-In Capital in Excess of Par-Preferred Stock for $250,000 Preferred Stock for $500,000 and Retained Earnings for $250,000 Paid-in Capital from Preferred Stock for $750,000 a. b. c. d. 34. Par value is the monetary value assigned per share in the corporate charter a. represents what a share of stock is worth represents the original selling price for a share of stock is established for a share of stock after it is issued C. d