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Dallkin Corporation issued 5,000 shares of common stock on January 1,2015 the stock has no par value and was sold at $18 per share. The

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Dallkin Corporation issued 5,000 shares of common stock on January 1,2015 the stock has no par value and was sold at $18 per share. The journal entry for this transaction would include A) debit to Cash for $90,000 and a credit to Common Stock-No-Par Value for $90,000. B) debit to Cash for $90,000 and a credit to Paid-in Capital in Excess of Par -Common for $600,000. C) credit to Cash for $90,000 and a debit to Common Stock-No-Par Value for $90,000. D) credit to Cash for $90,000, a debit to Paid-in Capital in Excess of Par-Common for $5,000, and a debit to Common Stock-No-Par Value for $85,000. 21) Osbourne Company issued 50,000 shares of common stock in exchange for manufacturing > hoe o fair waino nf tl OOO 000 The stock has oar value of $0.01 per

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