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ASC Corp issues 10,000 shares of $1 par common stock for $3/share. ASC incurs $18,000...

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Accounting

ASC Corp issues 10,000 shares of $1 par common stock for $3/share. ASC incurs $18,000 in expenses associated with the stock issue. The entry to record the stock issues should include

Select one:

A debit to stock issue expense of $18,000

A debit to unamortized stock issue costs for $18,000

A net credit to paid in capital of $20,000

A net credit to paid in capital of $2,000

A credit to unamortized stock issue costs for $18,000

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