Jarrett Company issued 900 shares of no-par common stock for $13,200. Which of the following journal entries would be made if the stock has no stated value?

Answer

		Cash 13,200 Common Stock 13,200
		Cash 13,200 Common Stock 900 Paid-in Capital in Excess of Par 8,200
		Cash 13,200 Common Stock 900 Paid-in Capital in Excess of Stated Value 12,300
		Common Stock 13,200 Cash 13,200