ure.com/courses/62100/quizzes/396505/take Question 4 12.5 pts A company issued 40 shares of $1 par value common stock for $5,000. Which of the following journal entries records such transaction? O Credit of $20,000 to common stock O Debit of $4,000 to common stock O Debit of $20,000 to common stock Credit of $40 to common stock O None of the entries is recorded correctly. D Question 5 12.5 pts Wallace Corporation issued 1,000 shares of $100 par value preferred stock for $150 per share. Which of the following journal entries should be recorded? O A debit to paid-in capital in excess of preferred stock OA credit to cash OA credit to paid-in capital in excess of preferred stock OA credit to common stock OA debit to preferred stock.