ABC Corp. issues 1,000 shares of $5 par value common stock for $14 per share. What is the journal entry made when the stock is issued? Debit Cash $14,000 and credit Common Stock $14,000 Debit Cash $14,000 and credit Common Stock $9,000 and credit Paid in Capital in Excess of Par Value--Common Stock $5,000 Debit Cash $14,000 and credit Paid in Capital in Excess of Par Value--Common Stock $14,000 Debit Cash $14,000 and credit Common Stock $5,000 and credit Paid in Capital in Excess of Par Value--Common Stock $9,000 None of the above are correct