Ramirez, Inc., issued 230,000 shares of no-par common stock for $20 per share. The journal entry to record the issuance would be: Journal Entry Date Accounts Debit Credit Cash 4,600,000 Common Stock 460,000 Paid-In Capital in Excess of Par 4,140,000 Journal Entry Date Accounts Debit Credit Cash 4,600,000 Common Stock 4,600,000 Journal Entry Date Accounts Debit Credit Cash 4,600,000 Common Stock 230,000 Gain on the Sale of Stock 4,370,000 Journal Entry Date Accounts Debit Credit Cash 230,000 Common Stock 230,000