37. Florida Travel Inc. issues 5,000 shares of $5 pa r value common stock for ). The journal entry to record this issuance would include: A) a debit to Paid-in Capital in Excess of Par of $60,000 B)a credit to Paid-in Capital in Excess of Par of $60,000 el D) E) a credit to Common Stock for $25,000 and a debit to cash for $85,000 A) and C) B) and C) 38. Saddleback Manufacturing Ltd. Purchased 5,000 shares of its own previously issued $10 par value common stock for $95,000. As a result of this event, Saddleback Manufacturing Ltd's Stockholder's Equity Section on the Balance would reflect what? A) Saddleback' s Common Stock account balance would reflect a decrease of $50,000 B) Saddleback's Stockholder's Paid-in Capital account balance would reflecta C) Saddleback's total Stockholder's Equity balance would reflect a decrease D) None of the above. decrease of $95,000. $95,000