A corporation issued 8,000 of $2 par value common stock for $5 per share. Which of the following will be part of the journal entry to record the corporation's issuance of common stock? A debit of $24,000 to Common Stock A credit of $40,000 to Common Stock A credit of $16,000 to Common Stock O A debit of $40,000 to Common Stock A credit of $8,000 to Common Stock