Reference no: EM132462825

Allianz Corporation has? $1 par value Common Stock with? 100,000 shares authorized and? 25,000 shares issued. The journal entry to record? allianz purchase of

Point 1 comma 000 shares of common stock at $ 4 per share would? be:

debit cash for 4,000, credit common stock for 1000 and credit paind in capital in excess of par common for 3000

Point 2 debit common stocl for 1000 debit paid in capital in excess of par common for 3000 and credit cash for 4000

Point 3 debit common stock for 4000 and credit cash for 4000

Point 4 debit treasury stock for 4000 and credit cash for 4000