A company issued 70 - shares of $100 par value common stock for $8,300 cash. The journal entry to record the issuance is: Muitiple Choice Debit Cash $8,300, credit Common Stock $8,300 Debit inveatment in Common Stock \$8,300, eredit Cosh \$3,300. Debit Cosh 50,300 , ciedit Poidun Copial in Excess of Por Volue, Common Stock $7000, credit Common Stock. $1300 Debit investment in Common Stock $8,300; credit Cash $8,300. Debit Cash $8,300, credit Paid-in Copital in Excess of Par Value, Common Stock $7,000, crectit Common Stock 51,300 Debit Common Stock \$7,000, debit Investment in Common Stock $1,300, ciedit Cash $8,300. Debit Cash \$8,300; credit Common Stock \$7,000; credit Paid-in Capital in Excess of Par Value, Common Stock $1,300