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Ayayai Corp. issued 15000 shares of stock at a stated value of $10/share. The total issue of stock sold for $15/share. The journal entry to
Ayayai Corp. issued 15000 shares of stock at a stated value of $10/share. The total issue of stock sold for $15/share. The journal entry to record this transaction would include a
credit to Paid-in Capital in Excess of Par Value for $75000.
credit to Common Stock for $150000.
debit to Cash for $150000.
credit to Common Stock for $225000.
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