A company sells 1 million shares of common stock with a par value of $0.09 for $15.70 a share. To record the transaction, the company would: Multiple Choice debit Cash for $90,000, debit Capital Receivable for $15,610,000, credit Common Stock for $90,000 and credit Additional Paid-in Capital for $15,610,000. debit Cash for $90,000 and credit Common Stock for $90,000 Credit debit Cash for $15.70 million and credit Common Stock for $1 debit Cash for $15.70 milion credit Common Stock for $90,000 and credit Additional Paid in Capital for $15.610.000