QUESTION 2 Marked out of 6.00 P Flag question Not yet answered Issuance of Common Stock Smith & Sons, Inc, is authorized to issue one million shares of $1 par value common stock. The company actually sells 200,000 shares at $4 per share. Prepare the journal entry to record the issuance of the 200,000 shares General Journal Debit Credit Description Additional paid-in capital in excess of par value Cash Common stock- $1 par value Common stock- no par value Next page Save Answers Previous page