Ragle Corp. issues 1,000 shares of its $5 par value common stock in exchange for equipm The book value of the equipment on the investor's books was $40,000, and its catalog list price was $45,000. The equipment could be purchased in the market for $42,000. The stock was not publicly traded. Which of the following entries will be included in the journal entry to record the issuance of the stock? Click the answer you think is right Debit equipment $42,000. Debit equipment $45,000. Credit common stock $45,000. Credit common stock $42,000. Credit additional paid-in capital $40,000. Read about this Do you know the answer? I know it Think so Unsure No idea