If Norben Company issues 6,000 shares of $5 par value common stock for a total...

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Accounting

If Norben Company issues 6,000 shares of $5 par value common stock for a total of $210,000, the account (Hint: make the journal entry on your scrap paper and then and then choose the correct answer according to your entry)
Common Stock will be credited for $210,000
Paid-in Capital in Excess of Par Value will be credited for $180,000
Paid-in Capital in Excess of Par Value will be credited for $30,000
Cash will be debited for $180,000
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