Spirit World, Inc., issued 250,000 shares of no-par common stock for $5 per share. The journal entry to record the issuance would be: O A. Journal Entry Date Accounts Debit Credit Cash 1,250,000 Common Stock 250,000 1,000,000 Gain on the sale of Stock OB. Journal Entry Date Accounts Debit Credit Cash 250,000 Common Stock 250,000 O c. Journal Entry Date Accounts Debit Credit Cash 1,250,000 Common Stock 1,250,000 OD Journal Entry Date Accounts Debit Credit Cash 1,250,000 Common Stock 500,000 Paid-In Capital in Excess of Par 750,000