Jade Jewelers issued 15,000 shares of $1 par value stock for $20 per share. What is true

Question:

Jade Jewelers issued 15,000 shares of $1 stock for $20 per share. What is true about the journal entry to record the issuance?
a) Credit cash $300,000b) Credit $15,000c) Credit Common Stock $15,000d) Debit additional paid in capital $285,000

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...