19. Help me selecting the right answer. Thank you Pumpkin Corporation issued 10,000 shares of common stock on January 1, 2024. The stock has no par value and was issued at $22 pershare. The journal entry for this transaction includes acredit to Cash for $220,000 and a debit to Common Stock-No-Par Value for $220,000credit to Cash for $220,000, a debit to Paid-In Capital in Excess of Par-Common for $10,000, and a debit to Common Stock-No-Par Valuefor $210,000debit to Cash for $220,000 and a credit to Paid-In Capital in Excess of Par-Common for $220,000debit to Cash for $220,000 and a credit to Common Stock-No-Par Value for $220,000

Introduction:- Journal entry is the first stage of accounting process. Journal entry used to record…

Pumpkin Corporation issued 10,000 shares of common stock on January 1, 2024. The stock has no par value and wa share. The journal entry for this transaction includes a O credit to Cash for $220,000 and a debit to Common Stock-No-Par Value for $220,000 O credit to Cash for $220,000, a debit to Paid-In Capital in Excess of Par-Common for $10,000, and a debit to Commo for $210,000 O debit to Cash for $220,000 and a credit to Paid-In Capital in Excess of Par-Common for $220,000 O debit to Cash for $220,000 and a credit to Common Stock-No-Par Value for $220,000