Crane, Inc. issued 10900 shares of stock at a stated value of $7/share. The total issue of stock sold for $14 per share. The journal entry to record this transaction would include a credit to Common Stock for $76300 debit to Cash for $76300 credit to Common Stock for $152600 credit to Paid-in Capital in Excess of Par for $152600. Save for Later Attempts:0 of 1 used Submit