A Company Sells 1 Million Shares of Stock with No

Multiple Choice

A company sells 1 million shares of stock with no par value for $15 a share.In recording the transaction,it would:

A) debit Cash for $15 million and credit Additional Paid-in Capital for $15 million.
B) debit Cash for $15 million and credit Common Stock for $15 million.
C) debit Common Stock for $15 million,credit Cash for $15 million.
D) debit Common Stock for $15 million and credit Additional Paid-in Capital for $15 million.