The appropriate journal entry to record the issue of 1,000 shares of $1 par-value common stock, which is issued for $4 per share would be:

Select one:

a. Cash, 4,000 / Common Stock, 4,000

b. Cash, 4,000 / Common Stock, 1,000 / Paid-in Capital in Excess of Par, 3,000

c. Cash, 4,000 / Common Stock, 1,000 / Retained Earnings, 3,000

d. Cash, 1,000 / Paid-in Capital in Excess of Par, 3,000 / Common Stock, 4,000