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Al City Realty, Inc. issued 5,000 shwes of 4 stated value common stock for $11...

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Accounting

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Al City Realty, Inc. issued 5,000 shwes of 4 stated value common stock for $11 per share. The journal entry to record this transaction includes a credit to O A. Common Stock for $55,000 OB Paid - in Capital in Excess of Stated - Common for $20,000 O c. Pad - in Capital in Excess of Stated - Common for $35,000 OD. Common Stock - 34 Stated Value for $35.000

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