Entity H issued 9,000 shares of its $1 par value common stock for $20 per share. Which of the following statements is correct? Hint: Make the journal entry first. Paid-in-capital-in-excess-of-par-value should be debited for $171,000. Cash should be credited for $180,000. Common stock should be credited for $9,000. Common stock should be credited for $180,000.

Entity H issued 9,000 shares of its $1 par value common slock for $20 per share. Which of the following statements is correct? Hint: Mabe the journal entry first. Paidin-capital-in-excess-of-par-value should be debited for $171,000. Cash should be credited for $180,000. Common stock should be credited for $9,000. Common stock should be credited for $180,000