The journal entry to issue 1,000,000 shares of $6 par common stock for $8.00 per share on January 2nd would be:

A) Jan 2 Cash 8,000,000Common Stock 6,000,000Paid-In Capital in Excess of Par - C/S 2,000,000
B) Jan 2 Cash 6,000,000Common Stock 6,000,000
C) Jan 2 Cash 6,000,000Paid-In Capital in Excess of Par - C/S 2,000,000Common Stock 8,000,000
D) Jan 2 Cash 1,000,000Common Stock 1,000.000


A

Business

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