How would you record the issuance of 100,000 shares of no par value stock at \$10 per share?

• A. Debit Cash \$1,000,000; Credit Common Stock \$100,000; Credit Additional Paid-in Capital \$900,000
• B. Debit Cash \$100,000; Credit Common Stock \$100,000
• C. Debit Common Stock \$1,000,000; Credit Cash \$1,000,000
• D. Debit Cash \$1,000,000; Credit Common Stock \$1,000,000

Answer: (D)