A corporation issues 1,500 shares of common stock for $32,000. The stock has a par value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for:

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The credit to Common Stock is calculated by multiplying the number of shares issued (1,500) by the par value per share ($10), resulting in $15,000. The excess over par value ($32,000 - $15,000 = $17,000) is credited to Additional Paid-In Capital.

A Corporation Issues 1,500 Shares of Common Stock for $32,000