Multiple Choice Debr Cash $7,000, credt Common Stock $7000 Debt Invement in Common Sock $7000, credn Cash $7000 Debt Cash 57000 credt Paid-in Capital i Excess of Par Ve. Common Sock $6,00D credit Common Stock $1000 Debt Common Stock $6.000, debt Investment in Common Slock $1,000.credit Cash $7000 Dobt Cash $7000, credit Common Stock $6.000, credit Paid-in Capinal in Excess of Par Velue, Common Stock $1000 A company issued 60 shares of $100 par value common stock for $7000 cash. The journal entry to record the issuance is Multiple Choice Debit Cash $7000 credit Common Stock $7,000 Debit Investment in Common Stock $7.000, credit Cesh $7,000 Debit Cash $7000, credit Paid-in Capital in Excess of Par Value. Common Stock $6,000, credit Common Stock $1,000. Debit Common Stock $6,000, debit Investment in Common Stock $1.000, credit Cash $7.000 Debit Cash $7000, credit Common Stock $6.000, credit Paid-in Copital in Excess of Par Value, Common Stock $1,000