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Blue Spruce Corp. issued 900 shares of no-par common stock for $17100. Which of the following journal entries would be made if the stock has

Blue Spruce Corp. issued 900 shares of no-par common stock for $17100. Which of the following journal entries would be made if the stock has no stated value?

(A) Common Stock - No-Par Value 17100

Cash 17100

(B) Cash 17100

Common Stock - No-Par Value 900

Paid-in Capital in Excess of Par 16200

(C) Cash 17100

Common Stock - No-Par Value 17100

(D) Cash 17100

Common Stock - No-Par Value 900

Paid-in Capital in Excess of Stated Value 16200

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