The journal entry to record the issue of 200 shares of $1 par value common stock for $10 per share would be: Cash 2,000 Common stock 2,000 Cash 2,000 Common stock ... 200 Retained earnings 1,800 Cash 2,000 Common stock 200 Gain on sale of stock 1,800 Cash 2,000 Common stock ...................... 200 Paid-in capital - common ....... 1,800 Cash 2,000 Common stock ..................... 1,800 Paid-in capital-common ..... 200