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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.

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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 amounts) would we debit when we record the journal entry for this transaction? O cash, $220,000 O common stock, $220,000 O common stock, $1,100,000 O cash, $1,100,000

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