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A company issued 350,000 shares of $14.00 par common stock for $16.00 per share. The correct journal entry will contain: O a 4,900.000 credit to

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A company issued 350,000 shares of $14.00 par common stock for $16.00 per share. The correct journal entry will contain: O a 4,900.000 credit to cash O a 5,600.000 debit to cash O a 5,600,000 credit to common stock O a 4,900,000 credit to common stock O a 700,000 credit to additional paid in capital

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