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Cheyenne Corp. issued 1200 shares of no-par common stock for $4800. Which of the following journal entries would be made if the stock has stated

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Cheyenne Corp. issued 1200 shares of no-par common stock for $4800. Which of the following journal entries would be made if the stock has stated value of $3 per share? O Common Stock 4800 Cash 4800 Cash 4800 3600 Common Stock Paid-in Capital in Excess of Stated Value 1200 O Cash 4800 Common Stock 4800 Cash 4800 Common Stock 3600 Paid-in Capital in Excess of Par 1200

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