Following are the transactions that occurred in the life of El Dorado National Advertising Co. for the calendar year ended December 31, 1997: El Dorado National Advertising (EDNA) Co. was organized in January, 1997. The company issued 100,000 shares of common stocks at a par value of P9.00 per share to various individuals in return for cash payments totaling P1,000,000. Cash +1,000,000 Common Stock +900,000 Other Paid-In Capital +100,000 O Cash +1,000,000 Common Stock +900,000 Sales Revenue +100,000 O Cash +1,000,000 Common Stock +1,000,000 None of the choices O Cash -1,000,000 Common Stock -900,000 Other Pd-In Capital -100,000