Lawson Company issued 500 shares of no-par common stock for $4,500. Which journal entry below would be made if the stock has a stated value of $2 per share? (Pick the corresponding letter (a), (b), (c), or (d) for your answer.)

(a) Cash . . . . . . . . . . . . . . . . . . . . . . . 4,500

Common Stock . . . . . . . . . . . . . . 4,500

(b) Cash . . . . . . . . . . . . . . . . . . . . . . . . . 4,500

Common Stock . . . . . . . . . . . . . . 1,000

Paid-in Capital in Excess of Par . . 3,500

(c) Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500

Common Stock . . . . . . . . . . . 1,000

Paid-in Capital in Excess of Stated Value 3,500

(d) Common Stock . . . . . . . . . . . . . . . . . 4,500

Cash . . . . . . . . . . . . . . . . . . . . . . . 4,500

Group of answer choices

(b)

(c)

(a)

(d)