At the beginning of this year. The Richard Pryor Company completed an initial public offering IPOs in that offering Pryor issued 25.000 shares of $1.00 par common stock for $2.85 per share. The appropriate journal entry for the IPOS Date 1.jan Account Cash Common Stock Debit Credit 525,000 $25.000 Date 1-Jan Account Cash Common Stock Debit Credit 371.250 $71.250 Account Date 1.Jan Additional Paid in Capital Common Stock Debit Credit $25,000 $64.250 $71.250 1.Jan Account Cash Additional Paid in Capital Common Stock Debit Credit 571,250 $4,250 $25,000