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Franklin Corporation issued 1,000 shares of its $10 par value common stock for $15 per share. The entry to record the issuance would include: a)

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Franklin Corporation issued 1,000 shares of its $10 par value common stock for $15 per share. The entry to record the issuance would include: a) a debit to Cash for $10,000. b) a credit to Common Stock for $15,000. c) a credit to Common Stock for $10,000. d) a debit to Paid-in Capital in Excess of Par Value for $5,000. e) None of the above

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