Question $1$

On $4/20/2019,$ Sometimes, Ltd$.$ issued $25,000$ shares of $$0\mathrm{.}20$ par value common stock for $$8$

per share. The journal entry to record this issuance would include:

A debit to Cash for $$5,000.$

A credit to Additional Paid$-$in Capital for $$200,000.$

A credit to Common Stock for $$200,000.$

A credit to Common Stock for $$5,000.$

A debit to Additional Paid$-$in Capital for $$195,000.$