Suppose that, as a firm, you have sought to raise capital and were able to do this by issuing $750,000 of common stock and taking on a $500,000 debt. What would your journal entries be?

A : Debit Cash $750,000, Credit Common Stock $1,250,000 and Credit Notes Payable $500,000.

B : Debit Cash $750,000, Credit Common Stock $500,000 and Credit Notes Payable $1,250,000.

C : Debit Cash $1,250,000, Credit Common Stock $500,000 and Credit Notes Payable $750,000.

D : Debit Cash $1,250,000, Credit Common Stock $750,000 and Credit Notes Payable $500,000.