QUESTION 16 Union Bay Transit sells 1 million shares of stock with no par value for $15 a share. How would the company's accountant record this transaction? O debit Cash for $20,000, debit Capital Receivable for $14.980,000, credit Common Shares for S20,000 and credit Contributed surplus for $14.980,000 O debit Cash for $15 million, credit Common Shares for $20,000 and credit Contributed surplus for $14,980,000. debit Cash for S15 million and credit Common Shares for SIS million. O debit Cash for $20,000 and credit Common Shares for $20,000