Olsson Corporation received a check from its underwriters for $85 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $85 per share. Which is the correct entry to record the issue of the stock? Multiple Choice Cash Common stock Cash Common stock Paid-in capital-excess of par Cash Stock issue expense Stock contract receivable Cash Deferred stock issue revenue Common stock Paid-in capital-excess of par 85,000,000 85,000,000 85,000,000 5,000,000 80,000,000 85,000,000 37,000,000 48,000,000 85,000,000 37,000,000 5,000,000 43,000,000