Suppose Furniture Warehouse issued 400,000 shares of $0.03 par common stock at $2 per share. Which journal entry correctly records the issuance of this stock? A. Date Accounts and Explanation Debit Credit Cash 800,000 Common Stock-$0.03 Par Value 800,000 B. Date Accounts and Explanation Debit Credit Common Stock $0.03 Par Value 800,000 Cash 12,000 Paid-In Capital in Excess of Par-Common 788,000 C. Date Cash Accounts and Explanation Debit Credit 800,000 Common Stock$0.03 Par Value Paid-In Capital in Excess of Par-Common 12,000 788,000 D. Date Accounts and Explanation Debit Credit Common Stock-$0.03 Par Value 800,000 Cash 800,000