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Question 20 (1 point) On December 1, SJ Company issued 800 shares of no-par common...

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Accounting

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Question 20 (1 point) On December 1, SJ Company issued 800 shares of no-par common stock for $7,200. The stock has stated value of $2 per share? Use the following tabular analysis to record the receipt of cash and issuance of shares: Increase Cash and increase Common Stock for $7,200. Increase Cash for $7,200 and increase Common Stock $1,600 and Sales Revenue $5,600. Increase Cash for $7.200 and increase Common Stock for $1,600 and Paid-In Capital in Excess of Stated Value for $5,600. Increase Sales Revenue and increase Cash for $7,200

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