A company issued 60 shares of $100 par value common stock for $7,100 cash. The journal entry to record the issuance is: Multiple Choice Debit Cash $7100, credit Common Stock $7,100. Debit Investment in Common Stock 57100, credit Cash $7100 Debit Cash $7100; credit Common Stock $6,000 credit Paid in Capital in Excess of Par Value, Common Stock $1,100 Debit Common Stock $6,000, debit Investment in Common Stock $1,100; credit Cash $2,100. Debit Cash 57100, credit Paid in Capital in Excess of Par Value. Common Stock $6,000, credit Common Stock $1,100