Journal Entry to Record the Stock Issuance

A corporation issues $2,000 Shares of common stock for $32,000. The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for

a. $20,000
b. $32,000
c. 12,000
d. 2,000

Solution Summary

This solution is comprised of a detailed explanation to record the stock issuance.