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Chapter 11 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter 11 Question 6: (0.5 point) On August 26, Mountain

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Chapter 11 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter 11 Question 6: (0.5 point) On August 26, Mountain Realty Inc. issued for cash 120,000 shares of $5 stated value common stock at $8 per share. Required: As part of the journal entry to record this transaction, what amount will the paid-in-capital in excess of par value account be credited for? Omit $ signs

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