If Lantz Company issues 10,000 shares of $5 par value common stock for $210,000 Common Stock will be increased for $50,000. Paid-in Capital in Excess of Par Value will be increased for $50,000. Paid-in Capital in Excess of Par Value will be increased for $210,000. Cash will be increased for $160,000. If common stock is issued for an amount greater than par value, the excess would increase Cash. Retained Earnings Paid-in Capital in Excess of Par Value. Legal Capital. On June 1, B. Penelope Company issues 5,000 shares of $5 par value common stock for $210,000. Use the following tabular analysis to record the receipt of cash and issuance of shares: As Uw Stockholders Equity PIC Account Payable Cash Common Stock . Retained Earnings Re Exp Di . + SER June 1 Increase Cash $210,000, increase Common Stock $185,000 and increase Paid- in-Capital in Excess of Par $25,000. Increase Cash $210,000, increase Common Stock $25,000 and increase Stock Revenue $185.000 Increase Cash $210,000 and increase Sales Revenue $210,000 Increase Cash $210,000, increase Common Stock $25,000 and increase Paid-in- Capital in Excess of Par $185,000