Apple Inc. issued 7 million shares of no-par common stock for $7 million. What journal entry is prepared? A. debit Cash $7 million and credit Retained Earnings $7 million B. debit Cash $7 million and credit Common Stock $7 million C. debit Cash $7 million and credit Paid - in Capital in Excess of Stated Value $7 million D. debit Cash $7 million and credit Paid- in Capital in Excess of Par $7 million