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A company issued 20,000 shares of $1 par value common stock for $80,000. The issuance would have which of the following effects? Multiple Choice Increase

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A company issued 20,000 shares of $1 par value common stock for $80,000. The issuance would have which of the following effects? Multiple Choice Increase the Additional Paid-In Capital account for $80,000. Increase the Common Stock account for $80,000. Decrease the Additional Paid-In Capital account for $60,000. Increase the Additional Paid-In Capital account for $80,000. Increase the Common Stock account for $80,000. Decrease the Additional Paid-In Capital account for $60,000. Increase the Common Stock account for $20,000

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