Exhibit 15-1 Hanson Co

Exhibit 15-1 Hanson Co. issued 10,000 shares of its $5 par common stock for $15 a share. In addition, it incurred legal and accounting fees, stock certificate costs, and other related expenses totaling $18,500.

-Refer to Exhibit 15-1. Assume the sale occurred after the initial issuance at incorporation. The entry to record the sale and related expenses would include a

A) credit to Additional Paid-in Capital on Common Stock for $81,500
B) credit to Organization Expense for $18,500
C) credit to Common Stock for $150,000
D) debit to Cash for $150,000