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Question 2 (5 points) The entry to record the issuance of 1,800 shares of $4 stated-value common stock for $12 a share consists of a

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Question 2 (5 points) The entry to record the issuance of 1,800 shares of $4 stated-value common stock for $12 a share consists of a debit to Cash for $21,600 and a O a credit to Common Stock for $21,600. a credit to Common Stock for $7,200 and a credit to Gain On Sale of Common Stock for $14,400 a credit to Common Stock for $7.200 and a credit to Paid-in Capital in Excess of Stated Value-Common Stock for $14,400. a credit to Common Stock for $7,200 and a credit to Paid-in Capital in Excess of Par Value-Common Stock for $14,400

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