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Company B issued 10,000 shares of common stock with $1 par value for $25 a share. The journal entry to record this transaction should include:

Company B issued 10,000 shares of common stock with $1 par value for $25 a share. The journal entry to record this transaction should include:

A credit to common stock in the amount of $10,000

A credit to common stock in the amount of $240,000

A credit to common stock in the amount of $250,000

A debit to common stock in the amount of $10,000

A credit to cash in the amount of $250,000

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