Question: What formula would you use to answer the following question? A firm issued 10,000 shares of $2 par-value common stock, receiving proceeds of $40 per

What formula would you use to answer the following question?

A firm issued 10,000 shares of $2 par-value common stock, receiving proceeds of $40

per share. The accounting entry for the paid-in capital in excess of par account is ______?

Thanks!

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