Olsson Corporation received a check from its underwriters for $87 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $87 per share. Which is the correct entry to record the issue of the stock? Multiple Choice Cash Common stock 87,000,000 87,000,000 87,000,000 Cash Common stock Paid-in capital- excess of par 5,000,000 82,000,000 87,000,000 Cash Deferred stock issue revenue Common stock Paid-in capital-excess of par 29,000,000 5,000,000 $3,000,000 non ann Cash Common stock 87,000,000 87,000,000 Cash Common stock Paid-in capital-excess of par 87,000,000 5,000,000 82,000,000 Cash Deferred stock issue revenue Common stock Paid-in capital-excess of par 87,000,000 29,000,000 5,000,000 53,000,000 Cash Stock issue expense Stock contract receivable 87,000,000 29,000,000 58,000,000