TB MC Qu. 10-66 (Algo) When a company issues... When a company issues 37,000 shares of $4 par value common stock for $40 per share, the journal entry for this issuance would include a: Multiple Choice Credit to Common Stock for $1,480,000 Debit to Cash for $148,000. Credit to Additional Paid-in Capital for $1,332,000. Debit to Additional Paid-in Capital for $148,000.