Stock Issuance (Par, No-Par, and Stated Value) The following independent stock transactions occurred during January 20-- for various corporations: (a) Issued 5,900 shares of $10 par common stock for $59,000 cash. (b) Issued 3,800 shares of $10 par common stock for $51,300 cash. (c) Issued 5,200 shares of no-par common stock for $56,800 cash. (d) Issued 3,900 shares of no-par common stock for $41,100 cash. (e) Issued 5,700 shares of no-par common stock with a stated value of $8 per share for $45,600 cash. (f) Issued 2,700 shares of no-par common stock with a stated value of $8 per share for $22,400 cash. Prepare general journal entries for these stock transactions, identifying each by letter. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 1 a. Cash 59,000 Common Stock 2 59,000 2 3 3 Cash 4 b. 51,300 4 Common Stock 5 5 Paid-In Capital in Excess of Par-Common Stock 6 51,300 x 6 7 7 Check My Work Previc Common Stock 5 51,300 X 6 Pald-In Capital in Excess of Par-Common Stock 6 7 7 8 Cash 56.800 8 C. 56,800 9 Common Stock 9 10 10 11 Cash 41,100 11 d. Common Stock 41,100 12 12 13 13 14 Cash 45,600 14 e. Common Stock 45,600 15 15 16 16 Cash 22,400 17 17 . 18 Common Stock 18 Paid-In Capital in Excess of Stated Value-Common Stock 19 19 Feedback Check My Work The accounting for par value and stated value stock is virtually the same. In each case, the difference between the par or stated value and the amount received at Issuance is manned as a remium Previous Next Check My Work Save and Exit Submit Assignment for Grad