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Concord Corporation issued 800 shares of no-par common stock for $5600. Which of the following journal entries would be made if the stock has stated

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Concord Corporation issued 800 shares of no-par common stock for $5600. Which of the following journal entries would be made if the stock has stated value of $2 per share? O Cash 5600 Common Stock 5600 O Cash 5600 Common Stock 1600 Paid-in Capital in Excess of Par 4000 O Cash 5600 Common Stock 1600 Paid-in Capital in Excess of Stated Value 4000 Common Stock 5600 Cash 5600

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