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wore Elit Nelson Company issued one million shares of its stock for $72 per share. The par value per share was $5 per share with
wore Elit Nelson Company issued one million shares of its stock for $72 per share. The par value per share was $5 per share with a prior market value of $69 per share. Which is the entry to record the issuance of the stock? Multiple Choice Cash 72,000,000 Common stock Paid-in capital-excess of par 5,000,000 67,000,000 Cash 72,000,000 Common stock 72,000,000 Prey 2 of 25 Hi Nacht > Saved 0 Cash Common stock common stock 72,000,000 72,000,000 0 Cash 72,000,000 Stock issue expense Stock contract receivable 20,000,000 52,000,000 0 Cash 69,000,000 Common stock Pald-in capital-excess of par 5,000,000 64,000,000
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