Olsson Corporation received a check from its underwriters for $84 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $84 per share, Which is the correct entry to record the issue of the stock? Cash 84,000,000 Common stock 84,000,000 Cash 84,000,000 Common stock Paid-in capital-excess of par 5,000,000 79,000,000 84,000,000 Cash Deferred stock issue revenue Common stock Paid-in capital-excess of par 32,000,000 5,000,000 47,000,000 Cash Stock issue expense Stock contract receivable 84,000,000 32,000,000 52,000,000