A company sells 1 million shares of common stock with a par value of $0.02 for $15 a share. To record the transaction, the company would:

A) debit cash for $20,000 and credit common stock for $20,000

B) debit cash for $15 million and credit common stock for $15 million

C) debit cash for $15 million, credit common stock for $20,000, and credit additional paid-in capital for $14,980,000

D) debit cash for $20,000, debit capital receivable for $14,980,000, credit common stock for $20,000 and credit additional pod in capital for $14,980,000