Torres, Inc. Productions issued 40 shares of $16 par value stock to its accountant in full payment for her $1,300 fee for assisting in setting up the new company. The entry to record the issuance of the stock would include a debit to Common Stock for $640 credit to Common Stock for $640. debit to Paid-in Capital in Excess of Par-Common for $660 credit to Common Stock for $1,300