Issuance of Common Stock Los Altos, Inc., is authorized to issue 1,500,000 shares of $1 par value common stock. The company actually sells 625,000 shares at $20 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 625,000 shares? Common stock Paid-in Capital in Excess of Par Value $ Check Previous Save Answers 0