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X Company issued 600 shares of no-par common stock for $10,000. Which of the following journal entries would be made? 1. Cash 10,200 Common Stock

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X Company issued 600 shares of no-par common stock for $10,000. Which of the following journal entries would be made? 1. Cash 10,200 Common Stock 10,200 2. Cash 10,000 Common Stock 10,000 3. Cash 10,000 Common Stock - No-Par Value 6,000 Paid-in Capital in Excess of Stated Value 4,000 4. Common Stock - No-Par Value 10,200 Cash 10,200 O 1 O2 O 3 X Company issued 600 shares of no-par common stock for $10,000. Which of the following journal entries would be made? 1. Cash 10,200 Common Stock 10,200 2. Cash 10,000 Common Stock 10,000 3. Cash 10,000 Common Stock - No-Par Value 6,000 Paid-in Capital in Excess of Stated Value 4,000 4. Common Stock - No-Par Value 10,200 Cash 10,200 O 1 O2 O 3

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