e Company's common stock has a par value of $1.00 per share. The company issues 8,000 shares at $4 per share on January 30 of the current year. Wh e correct journal entry to record this transaction? Cash Common Stock - $1.00 Par Value Paid-in Capital in Excess of Par - Common Common Stock - $1.00 Par Value Paid-in Capital in Excess of Par - Common Cash Cash Common Stock - $1.00 Par Value Paid-in Capital in Excess of Par - Common Common Stock - $1.00 Par Value Paid-in Capital in Excess of Par - Common Cash 32,000 8,000 24,000 32,000 24,000 8,000 8,000 24,000 32,000 24,000 8,000 32,000

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