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A corporation issued 2,500 shares of its no par common stock at a cash price of $12 per share. The entry to record this transaction

A corporation issued 2,500 shares of its no par common stock at a cash price of $12 per share. The entry to record this transaction would be: O Debit Common Stock $30,000; credit Cash $30,000 Debit Common Stock $25,000; debit Paid-in Capital in Excess of Par Value, Common Stock $5,000; credit Common Stock $45,000 Debit Cash $30,000; credit Common Stock $30,000 O Debit Cash $30,000; credit Paid-in Capital in Excess of Stated Value, Common Stock $25,000; credit Common Stock $5,000

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