XYZ Company issues 3000 shares of stock for $40/ share. The journal entry to record this issuance would include: a credit to Common Stock of $120,000 a credit to Retained Earnings of $120,000 a credit to Common Stock of 40 a debit to Common Stock of $120,000. Question 2 1. pts XYZ Company issues 3000 shares of stock for $40/ share. The stock has a par value of $2/ share. The journal entry to record this issuance would include: A credit to Common Stock of $114,000 a credit to Common 5 tock of $6,000 a credit to Common Stock of $120.000 a credit to Common Stock of $3,000 Question 3 1 pts Parvalue is: the legal capital of a corporation the market value of the stock designed to protect the stockholders What the stock was worth when it was issued XYZ Company has 40,000,000 shares of stock authorized, 10,000,000 shares issued and 800,000 shares outstanding. How many shares are held by organizations or people other than XYZ ? \begin{tabular}{|l} \hline 200,000 \\ \hline 10,000,000 \\ \hline 40,000,000 \\ \hline 800,000 \\ \hline \end{tabular} Question 5 1 pts XYZ Company has 4,000,000 shares of stock authorized, 1,000,000 shares issued and 800,000 shares outstanding. How many shares are held by XYZ? 4,000,0001,000,000200,000800,000