What is the correct entry to record the issuance of 1,000 shares of $10 par value common stock for $15 per share?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 12MC: A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting...
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What is the correct entry to record the issuance of 1,000 shares of $10 par value common stock for $15 per share? 

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