Major Sports plans to raise $5,950,000 in an initial public offering of its common stock. The company is considering three options: a. Issue 119,000 shares of $1 par value common stock for $50 per share. b. Issue 595,000 shares of $1 par value common stock for $10 per share. c. Issue 1,190,000 shares of $1 par value common stock for $5 per share. Required: Record the issuance of common stock for each option. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 1 No Transaction a Cash Common Stock Additional Paid-in Capital 2 b Cash Common Stock Additional Paid-in Capital 3 Cash Common Stock Additional Paid-in Capital > Answer is not complete. General Journal 000 000 000 Debit Credit 119,000 595,000 1,190,000