On January 1,2013, Georgi Company was authorized to issue 10,000 shares of $2 par value common stock and 5,000 shares of $5 preferred stock. Given this information, if Georgi Company issued 3,000 shares of common stock for $7 per share on January 10,2013 , the entry to record the issuance of the stock would include a Debit to Cash of $6,000 Credit to Premium on Common Stock of $6,000 Credit to Common Stock of $6,000 Debit to Cash of $15,000 QUESTION 10 Moomey Corporation had 20,000 shares of $4 par value common stock outstanding on January 1, 2013. On January 10 , 2013, the firm purchased 2,000 of its outstanding shares for $18 per share. On July 22, 2013, it reissued 1,000 shares at $22 per share. Given this information, the entry to record the reissuance of the stock on July 22 would include a credit to: Treasury stock of $4,000 Common stock of $4,000 Paid-In Capital of $18,000 Gain on Sale of Treasury Stock of $4,000