If Ace Company issues 10,000 shares of $5 par value common stock for $210,000, the account Paid-in Capital in Excess of Par will be credited for $50,000. Cash will be debited for $160,000. Paid-in Capital in Excess of Par will be credited for $210,000. O Common Stock will be credited for $50,000.

If Ace Company issues 10,000 shares of $5 par value common stock for $210,000, the account Paid-in Capital in Excess of Par will be credited for $50,000. Cash will be debited for $160,000. Paid-in Capital in Excess of Par will be credited for $210,000. Common Stock will be credited for $50,000