ABC, Inc. recelves $195,000 cash for 2,000 shares of common stock. It is $2 PAR value stock on Issued on April 14, 2014, If a journal entry is necessary make it below. If not, write NO ENTRY. Prepare the General Journal Entry for January 15 ABC, Inc processed to payroll on January 15 using the following data Total payroll - $20,000 RCA-$1.530 Federal Income Tax- $3,000 MO Income Tax - $1,000