Miller Corporation issued 5,000 shares of Its $5 par value common stock n payment: o attorney services billed at $40,000. Miller Corporation's stock has been actively trading $8 per share. The journal entry for this transaction would include a: credit to Paid-in Capital in Excess of Par-Common for $40,000. credit to Paid-in Capital in Excess of Par-Common for $ 15.000. credit to Cash for $40,000. in credit to Common Stock for $40,000. credit legal fees $40,000 in exchange for common stock Lewandowski Company reports the following information at the fiscal year end of December 31.2015: Common Stock. $0.10 par value per share $88 million 700 million 800 million Total Stockholders' Equity $1,588 What is the total paid-in capital for this company at December 31, 2015? $88 million $788 million $888 million $1,500 million $1,588 million Paltrowski Company has an authorized capital of 10 million shares and issued 1 million shares of $10 stated value common stock. The selling price was $40 per share. What is the journal entry for share authorization? debit Cash $40 million and credit Common Stock $40 million debit Cash $40 million, credit Common Stock $10 million and credit Paid-in Capital in Excess of Par' Common $30 million debit Cash $40 million, credit Common Stock $10 million and credit Paid-in Capital in Excess of 'Stated Value' Common $30 million debit Cash $40 million and credit Retained Earnings $40 million No journal entity is needed. What is the calculation to determine the number of outstanding shares of stock? number of treasury stock shares plus number of Issued shares number of authored shares minus number of issued shares number of authorized shares minus treasury shares number of authorized shares plus number of issued shares