Acme Steel Inc. begins operations on January 1 by issuing 50,000 shares of $5 par value common stock for cash at $15 per share. What will be the journal entry for this transaction Debit Cash $450,000 and Credit O Common Stock $250,00 and APIC $ 200,000 O Debit Cash $250,000 and Credit Common Stock $250,000 Debit Cash $750,000 and Credit O Common Stock $250,00 and APIC $ 500,000 Debit Cash $500,000 and Credit O Common Stock $250,00 and APIC $ 250,000