If pratt company issues 5,000 shares of $5 par value common stock for $210,000, the accounta. common stock will be credited for $185,000.b. paid-in capital in excess of par value will be credited for $210,000.c. paid-in capital in excess of par value will be credited for $235,000.d. cash will be debited for $210,000.

d. Cash will be debited for $210,000.

Explanation:

The journal entry for the issue of shares is shown below:

Cash A/c Dr $210,000

   To common stock  (5,000 shares × $5) = $25,000

   To Paid-in Capital in Excess of Par Value  $185,000

(Being issue of shares recorded)

So, the cash account is debited whereas the common stock and paid-in capital should be credited

And, the remaining balance should be transferred to the Paid-in Capital in Excess of Par Value

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urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total