S & C Company Issues 1,800 Shares of Common Stock $$\begin{array} { l l } \text { Cash } & 3,600 \\\quad \text { Common Stock } && 3,600\end{array}$$

S & C Company issues 1,800 shares of common stock with a $2 par value. The issue price of the stock is $15 per share. What is the journal entry required to record the issuance of the shares?

A) $$\begin{array} { l l } \text { Cash } & 3,600 \\\quad \text { Common Stock } && 3,600\end{array}$$
B) $$\begin{array} { l r } \text { Cash } & 27,000 \\\quad \text { Common Stock - } \$ 2 \text { par } && 3,600 \\\text { Addl. Paid-in Capital in Excess of Par-Common } && 23,400\end{array}$$
C) $$\begin{array} { l r } \text { Cash } & 27,000 \\\quad \text { Common Stock - } \$ 2 \text { par } && 1,800 \\\text { Addl. Paid-in Capital in Excess of Par-Common } && 25,200\end{array}$$
D) $$\begin{array} { l l } \text { Cash } &27,000 \\\quad \text { Common Stock } && 27,000\end{array}$$