If a company issues 10,000 shares of $6 par value common stock at a market price of $90 per share, which of the following is the correct balance sheet entry?

Select one:

A. Increase cash by $900,000 and increase paid-in capital by $900,000

B. Increase cash by $900,000 and increase retained earnings by $900,000

C. Increase common stock and cash by $60,000

D. Increase revenues by $900,000