QUESTION 29 Southern Kentucky, Inc. issued 10,000 shares of common stock for $10 cash per share. The stock had a par value of $7 per share. The journal entry to record this transaction would include a: Credit to gain on issuance of stock for $30,000 Credit to common stock for $100,000 Credit to cash for $100,000 Credit to common stock for $70,000 QUESTION 30