1. A company issues 1 million shares of common stock with a par value of $0.02 for $15 a share. The entry to record this transaction includes an increase to Cash for:

B) $20,000 and an increase to Common Stock @ par for $20,000.

A) $15,000,000 and an increase to Common Stock @ par for $15,000,000.

D) $15,000,000, an increase to Common Stock @ par for $20,000, and an increase to Additional Paid-in Capital for $14,980,000.

C) $20,000, an increase to Capital Receivable for $14,980,000, an increase to Common Stock @ par for $20,000, and an increase to Additional Paid-in Capital for $14,980,000.