Tesla Corp. issues 10,000 shares of no- par common stock with a stated value of $7 per share at $12 cash per share. Cash amount received on January 1, 2021 is equal to: $120,000 $70,000 $50,000 $10,00 None of the above Tesla Corp. issues 6,000 of $4 par value common stock for lawyers who helped the company organize, services were valued at $30,000. The debit side will record: cash $30,000 Organizational Expense $30,000 Common Stock $24,000 Paid-in Capital in Excess of Par-Common Stock 530,000 None of the above Tesla Corp. issues 80,000 shares of $4 par common stock for an equipment, $80,000 was credited as paid- in capital in excess of par-common stock. The fair market value of the equipment is equal to: * $400,000 O $320,000 O $80,000 $20,000 None of the above Tesla Corp. issues shares of 10%, no par preferred stock at $120 per share for $240,000 cash. The number of issued shares are: 28,800,000 shares 2,880,000 shares 24,000 shares 2,000 shares None of the above