Formula: Multiply, Subtract; Cell Referencing Using Excel to Record Stock Entries PROBLEM 5 On May 10, Jack Corporation issues common stock for cash Student Work Area Required: Provide input into cells shaded in yellow in this template. Select account names from the drop-down lists. Use cell references to the data area. Use mathematical formulas to calculate any amounts not given. 6 7 Shares of stock issued Par value per share $ 2.000 10.00 9 Amount at which stock issued $ 18.00 Journalize the issuance of the stock. 10 11 Date: Debit Credit 12 May 10 Cash 36,000 13 Common Stock 20.000 14 Paid-in Capital in Excess of Par-Common Stock 16,000 15