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A company issues 1 million shares of common stock with a par value of $0.10 for $15.80 a share. The entry fo record this transaction

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A company issues 1 million shares of common stock with a par value of $0.10 for $15.80 a share. The entry fo record this transaction includes a debit to Cash for: Muliple Choice $100,000, a deba to Capital Receivable for $5,700.000, a credi to Common \$4ock for $100,000, and a credit to Additonal Paid in Capital for $15700000 $100.000 and a ciedin to Common stock for $100000 \$5, 800000 and a gedit to Conmor Stock for $15,800000

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