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Caesar Cruise Lines, Inc. issues 4,000 shares of common stock with a $2 par value. The issue price of the stock is $18 per share.

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Caesar Cruise Lines, Inc. issues 4,000 shares of common stock with a $2 par value. The issue price of the stock is $18 per share. What is the journal entry required to record the issuance of the shares? 72,000 A. Cash 72,000 Common Stock O B. Cash 8,000 8,000 Common Stock O C. Cash 72,000 Common Stock -$2 par Addl. Paid-in Capital in Excess of Par-Common 8,000 64,000 OD. Cash 36,000 Common Stock-$2 par Addl Paid-in Canital in Fxcess of Par--Comman 8,000 28 000 Click to select your answer 2)

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