Our company is authorized to issue 100,000 shares of no par value common stock. On August 21 we issued 20,000 shares for $11 per share. What account(s) and amount(s) would we credit when we record the journal entry for this transaction?

Group of answer choices

A. cash, $220,000

B. common stock, $220,000

C. common stock, $1,100,000

D. cash, $1,100,000