Raghad Corporation issued 500 shares of $15 par value, common stock for $8,500. Choose the right journal entry:

Cash 4,200 (debit), Common Stock $ 2,200 (credit), Paid in Capital (credit) 2,000 Cash 8,500 (debit), Common Stock $ 7.500 (credit), Paid in Capital (credit) 1,000 Cash 8.500 (debit), Common Stock $ 8.500 (credit) Cash 7.500 (debit). Common Stock $ 7.500 (credit)