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Dawson Company issued 500 shares of common stock for $4,500. Which of the following journal entries would be made if the stock has Par value

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Dawson Company issued 500 shares of common stock for $4,500. Which of the following journal entries would be made if the stock has Par value of $2 per share? Cash 4,500 Common Stock 4,500 Cash 4,500 Common Stock 1,000 Paid-in Capital in Excess of Par 3,500 Cash 4,500 Common Stock 1,000 Paid-in Capital in Excess of Stated Value 3,500 Common Stock 4,500 Cash 4,500

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