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 Gain on the sale of Stock 1,000,000 OB. Journal Entry Date Accounts Debit Credit Cash 250,000 Common Stock 250,000 C. Journal Entry Date Accounts Debit Credit Cash 1,250,000 Common Stock 1,250,000 D. Journal Entry Date Accounts Debit Credit Cash 1,250,000 Common Stock 500,000 Paid-In Capital in Excess of Par 750,000