Grayson Company issued 1,500 shares of no-par common stock for $10,500. Which of the following journal entries would be made if the stock has stated value of $3 per share? Common Stock Cash Cash Cash Paid-in Capital in Excess of No-Par Cash Common Stock Common Stock Paid-in Capital in Excess of Stated Value 10,500 10,500 10,500 10,500 10,500 10,500 10,500 4,500 6,000

Grayson Compary issued 1,500 shares of no-par common stock for $10,500. Which of the following joumal entnes would be made if the stock has stated value of $3 per share? Grayson Compary issued 1,500 shares of no-par common stock for $10,500. Which of the following joumal entnes would be made if the stock has stated value of $3 per share