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Centex inc issued 41000 shares of its 1 par value common

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Centex, Inc. issued 41,000 shares of its $1 par value common stock for $30 per share. The journal entry to record the stock issue would include which of the following?

  1. A credit to cash for $1,230,000.
  2. A credit to additional paid-in capital for $1,230,000.
  3. A credit to additional paid-in capital for $41,000.
  4. A credit to common stock for $41,000.

Reference no: EM13600622

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