Stocks Issuance Moratti Corporation issued 20,000 shares of $6 par value common stock for cash at $8 per share. What is the amount of Common Stock?* O $160,000 O $120.000 0 $40,000 O None of the options On March 3, 2021. Ramco Company issued 3.000 shares of $6 par value common stock to attorneys for services during incorporation valued at $20,000. What is the journal entry to record this transaction? Debit Organizational Expense $20.000 Credit Common Stock $18,000 : Credit Paid-in Capital in Excess of Par- Common Stock $2.000 O Debit Organizational Expense $18.000 Credit Common Stock $18.000 Debit Cash $20,000: Credit Common Stock 18,000 Credit Organizational Expense $2.000 None of the options