Monti Co. is authorized to issue 100,000 shares of common stock. On August 1, the company issued 10,000 shares at $15 per share. If the shares have $15 par value, which one of the journal entry is correct?Single choice.

a)Cash is debited for $150,000; Common Stock is credited for $150,000

b)Cash is debited for $1,500,000; Notes Payable is credited for $1,500,000

c)Cash is debited for $1,500,000; Additional paid-in capital is credited for $150,000, Common Stock is credited for $1,350,000

d)Sales Discount is debited for $150,000; Common Stock is credited for $150,000.