A Company Sells 1 Million Shares of Common Stock with No

Multiple Choice

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

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