1 pts Molden Corporation issues 1,000 shares of $1 par value common stock at $2.50 per share. When the transaction is recorded, what is (are) the effect(s) on Molden's accounts? O The Common Stock account increases by $1,500, and the Retained Earnings account increases by $1,000. The Common Stock account increases by $2,500. The Common Stock account increases by $1,000, and the Retained Earnings account increases by $1,500. O The Common Stock account increases by $1,500, and the Paid-in Capital in Excess of Par Value account increases by $1,000. The Common Stock account increases by $1,000, and the Paid-in Capital in Excess of Par Value account increases by $1,500. revious Next