Current Attempt in Progress If Waterway Company issues 4900 shares of $5 par value common stock for $177000, O Common Stock will be credited for $177000. Paid-In Capital in Excess of Par will be credited for $24500. O Cash will be debited for $152500. O Paid-In Capital in Excess of Par will be credited for $152500.

Current Attempt in Progress If Waterway Company issues 4900 shares of $5 par value common stock for $177000, Common Stock will be credited for $177000. Paid-In Capital in Excess of Par will be credited for $24500. Cash will be debited for $152500. Paid-In Capital in Excess of Par will be credited for $152500