Allridge Corporation received cash from issuing 26,000 shares of common stock at $5 per share on January 1, 2018. The stock has a par value of $1 per share. Which is the correct journal entry to record this transaction? A. Common Stock - $1 Par Value Paid-in Capital in Excess of Par Cash 104,000 Common 26,000 130,000 B. Common Stock - $1 Par Value 26,000 Paid-in Capital in Excess of Par Cash Common 104,000 130,000 C. Cash 130,000 Common Stock - $1 Par Value 104,000 Paid-in Capital in Excess of Par Common 26,000 D. Cash 130,000 Common Stock - $1 Par Value 26,000 Paid-in Capital in Excess of Par Common 104,000