Homework Answers
1) Journal entry
| No | General Journal | Debit | Credit |
| a | Cash (4000*10) | 40000 | |
| Common Stock | 40000 | ||
| (To record issue common Stock) | |||
| b | Cash (4000*10) | 40000 | |
| Common Stock | 12000 | ||
| Paid in capital in excess of par value-Common Stock | 28000 | ||
| (To record common Stock) | |||
2) Both result in the same amount of paid in capital
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