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Question 20 Marigold, Inc. issued 9700 shares of stock at a stated value of $8/share. The total issue of stock sold for $16 per share.

Question 20 Marigold, Inc. issued 9700 shares of stock at a stated value of $8/share. The total issue of stock sold for $16 per share. The journal entry to record this transaction would include a credit to Common Stock for $77600. credit to Paid-in Capital in Excess of Par for $155200. credit to Common Stock for $155200. debit to Cash for $77600

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