Hanson Co. issued 10,000 shares of its $5 par common stock for $15 a share. In addition, it incurred legal and accounting fees, stock certificate costs, and other related expenses totaling $18,500. Assume the sale was the initial issuance of stock at incorporation for Hanson Co. The entry to record the sale would include a

Group of answer choices

a. credit to Cash for $150,000.

b. credit to Common Stock for $150,000.

c. debit to Organization Expense for $18,500.

d. credit to Additional Paid-in Capital on Common Stock for $81,500.