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Bonita Company issued 730 shares of no-par common stock for $6500. Which of the following journal entries would be made if the stock has a

Bonita Company issued 730 shares of no-par common stock for $6500. Which of the following journal entries would be made if the stock has a stated value of $2 per share? Cash Common Stock Paid-in Capital in Excess of Par Cash Common Stock 6500 6500 1460 5040 1460 Paid-in Capital in Excess of Stated 5040 Value Common Stock Cash 6500 6500 Cash 6500 Common Stock 6500

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