Our company is authorized to issue 100,000 shares of no par value common stock that has a $1 stated value. On August 21 we issued 20,000 shares for $12 per share. What account(s) and amount(s) would we credit when we record the journal entry for this transaction? cash, $240,000 common stock, $100,000; and paid in capital in excess of stated value, $1,100,000 common stock, $20,000; and paid in capital in excess of stated value, $220,000 common stock, $240,000