On September 1, Your Company issued 50,000 shares of $2 par value stock for $20 per share. Book value was $18 per share. Which journal entry records this transaction? Cash Common stock Cash Account Titles Cash Common stock Paid in capital in excess of par Account Titles Cash Account Titles Common stock Paid in capital in excess of par Account Titles Debit 1,000,000 Debit 900,000 Debit 1,000,000 Debit 1,000,000 Credit 1,000,000 Credit 100,000 800,000 Credit 900,000 100,000 Credit

On September 1 , Your Company issued 50,000 shares of $2 par value stock for $20 per share. Book value was $18 per share. Which journal entry records this transaction