the journal entry to issue 4,000,000 shares of $10 par common stock for $14 per share on july 2 would be a. date account debit credit july 2 cash 56,000,000 common stock 56,000,000 b. date account debit credit july 2 cash 40,000,000 common stock 40,000,000 c. date account debit credit july 2 cash 56,000,000 common stock 40,000,000 paid-in capital in excess of par-c/s 16,000,000 d. date account debit credit july 2 cash 40,000,000 paid-in capital in excess of par-c/s 16,000,000 common stock 56,000,000