The journal entry to issue 1,000,000 shares of $6.00 par common stock for $9.00 per share on January 2nd would be:

Jan 2 Cash 8,000,000 Common Stock 6,000,000 Paid-In Capital in Excess of Par - C/S 2,000,000

Jan 2 Cash 9,000,000 Common Stock 6,000,000 Paid-In Capital in Excess of Par - C/S 3,000,000

Jan 2 Cash 9,000,000 Common Stock 9,000.000

Jan 2 Cash 6,000,000 Common Stock 6,000,000

The Anaheim Corporation has the following account balances as of December 15, 20XX:

Common Stock, $10 par value, 2,000,000 shares issued	$40,000,000
Paid-in-Capital in Excess of Par - Common Stock	9,000,000
Retained Earnings	26,600,000

On December 15, 20XX, Anaheim declares a 5% stock dividend to be issued on January 10, 2019. The market price of the stock on December 15 is $31 and on January 10 is $33.

The entry to record the stock dividend on December 15 would include a:

Credit to Stock Dividends Distributable, $2,000,000

Debit to Common Stock, $3,100,000

Debit to Stock Dividends, $3,100,000

Credit to Paid-in-Capital in Excess of Par, $1,100,000