Which of the following would be included in the entry to record the issuance of 7,000 shares of $4 par value common stock at $27 per share?

Answers:

Cash would be debited for $28,000.

Common stock would be debited for $28,000.

Common stock would be credited for $189,000.

Paid in capital in excess of par-common would be credited for $161,000.