Urgent

A corporation sold 26,000 shares of its $1 par value common stock at a cash price of $12 per share. The entry to record this transaction would be: C Debit Cash $312,000; credit Common Stock $26,000 credit Paid-in Capital in Excess of Par Value. Common Stock $286.000. Debit Cash for $312,000 credit Common Stock $312,000. Debit Common Stock $26,000, debit Paid-in Capital in Excess of Par Value, Common Stock $286,000 credit Cash $312,000 C Debit Cash $312.000 credit Stock Liability $286,000 credit Common Stock $26,000. Debit Common Stock $26.000;credit Cash $26,000