A company issues 1 million shares of common stock with a par value of $0.12 for $16.00 a share. The entry to record this transaction includes a debit to Cash for: Multiple Choice O $16,000,000 and a credit to Common Stock for $16,000,000. O $120,000 and a credit to Common Stock for $120,000. $16,000,000, a credit to Common Stock for $120,000, and a credit to Additional Paid-in Capital for $15,880,000 $120,000, a debit to Capital Receivable for $15,880,000, a credit to Common Stock for $120,000, and a credit to Additional Paid-in Capital for $15.880.000