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Jenkins Realty, Inc issued 14,000 shares of $5 stated value common stock for $18 per share. The journal entry to record this transaction includes a

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Jenkins Realty, Inc issued 14,000 shares of $5 stated value common stock for $18 per share. The journal entry to record this transaction includes a credit to Common Stock - $5 Stated Value for $182,000 Paid - In Capital in Excess of Stated - Common for $70,000 Common Stock for $252,000 Paid - In Capital Excess of Stated - Common for $182,000

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