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Issuance of Common Stock Los Altos, Inc. is authorized to issue 1,000,000 shares of 51 par value common stock. The company actually sells 500.000 shares

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Issuance of Common Stock Los Altos, Inc. is authorized to issue 1,000,000 shares of 51 par value common stock. The company actually sells 500.000 shares at $10 per share What are the amounts recorded as Common Stock $1 par value and Paid-in Capital in Excess of Par Value related to the issuance of the 500,000 shares? 0 Common stock Paid-in Capital in Excess of Par Values D Check

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