Issuance of Common Stock

Los Altos, Inc., is authorized to issue 1,000,000 shares of $1 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?

Common stock
Paid-in Capital in Excess of Par Value