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The X company issued 5,000 shares of its $10 par value common stock. These shares were issued at a price of $25 per share. The

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The X company issued 5,000 shares of its $10 par value common stock. These shares were issued at a price of $25 per share. The correct journal entry to record this transaction is: Select one: a. Common stock $50,000 Debit; Additional paid-in capital - common stock $75,000 Debit; Cash $125,000 Credit. b. Cash $50,000 Debit; Common stock $50,000 Credit c. Cash $125,000 Debit; Common stock $50,000 Credit; Additional paid-in capital - common stock $75,000 Credit d. Cash $125,000 Debit; Common stock $125,000 Credit

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