f a company issues 10,000 shares of $2 par value common stock at a market price of $30 per share, which of the following is the correct balance sheet entry?

Select one:

a. Increase common stock and cash by $20,000

b. Increase revenues by $300,000

c. Increase cash by $300,000 and increase contributed capital by $300,000

d. Increase cash by $300,000 and increase retained earnings by $300,000