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A. debit Common Stock $10 Par Value for $60,000 and debit Paid - In Capital in Excess of Par-Common $430,000 B. debit Cash $490,000 C.

image text in transcribed A. debit Common Stock $10 Par Value for $60,000 and debit Paid - In Capital in Excess of Par-Common $430,000 B. debit Cash $490,000 C. credit Common Stock $10 Par Value for $60,000 and credit Paid - In Capital in Excess of Par-Common $430,000 D. credit Common Stock- $10 Par Value for $490,000

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