Hi! I just need help with the two journal entries that I got wrong. Why wouldn't common stock be 8million x $1 par to get 8 ? Explanations would be great. Thanks in advance!

Exercise 19-8 Stock options exercise; expirations [LO19-2 Walters Audio Visual Inc. offers an incentive stock option plan to its regional managers. On January 1, 2018, options were granted for 8 million $1 par common shares. The exercise price is the market price on the grant date-$6 per share. Options cannot be exercised prior to January 1, 2020, and expire December 31, 2024. The fair value of the 8 million options, estimated by an appropriate option pricing model, is $1 per option. Required: 1. Determine the total compensation cost pertaining to the incentive stock option plan. 2. to 5. Prepare the appropriate journal entries to record compensation expense on December 31, 2018 and 2019. Prepare the appropriate journal entry to record the exercise of 75% of the options on March 12, 2020, when the market price is $7 per share and the entry on December 31, 2024, when the remaining options that have vested expire. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 5 Prepare the appropriate journal entries to record compensation expense on December 31, 2018 and 2019. Prepare the appropriate journal entry to record the exercise of 75% of the options on March 12, 2020, when the market price is $7 per share and the entry on December 31, 2024, when the remaining options that have vested expire. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Show less A Prepare the appropriate journal entries to record compensation expense on December 31, 2018 and 2019. Prepare the appropriate journal entry to record the exercise of 75% of the options on March 12, 2020, when the market price is $7 per share and the entry on December 31, 2024, when the remaining options that have vested expire. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Show less A General Journal No Date Debit Credit December 31, 201 Compensation expense 4 1 4 Paid-in capital-stock options 4 December 31, 201 Compensation expense 2 4 Paid-in capital -stock options March 12, 2020 Cash 36 3 Paid-in capital-stock options 6 8 x Common stock 34X Paid-in capital-excess of par December 31, 202 Paid-in capital-stock options 2 4. 2 Paid-in capital-expiration of stock options