company is authorized to issue 100,000 shares of $0.50 par value common stock. On August 21 we issued 20,000 shares for $11 per share. What account(s) and amount(s) would we credit when we record the journal entry for this transaction? cash. $220,000 common stock, $50,000, and paid in capital in excess of par value, $1,050,000 common stock, $10,000; and paid in capital in excess of par value, $210,000 common stock, $220,000