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Olsson Corporation received a check from its underwriters for $80 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $80 per share Which is the correct entry to record the issue of the stock? Multiple Choice Cash Stock issue expense stock contract receivable 80,000,000 32,000,000 48, eee,000 se, eee, 800 Cash Deferred stock issue revenue Common stock Paid-in capital-excess of par 32, eee, 000 5,000,000 43, , eee 88, eee, ee Cash common stock Paid-in capital-excess of par 5, ees, oee 75,000,000 Cash Common stock 80,000,000 30,000,000 23