Stockholm Corp

Stockholm Corp. was organized on January 1, 2020, with 100,000 common shares authorized, par value $ 10. On January 2, 2020, the corporation issued 15,000 of these shares for $ 190,000 cash. The entry to record this sale would be $\begin{array}{ll} a) \text{ Cash .......................................................... } & & 190,000 & \\ \quad\quad \text{ Common Shares .......................................... } & && {190,000} \\ \\ b)\text{ Cash .......................................................... } & & 190,000 & \\ \quad\quad \text{ Common Shares.................................................. } & && 150,000 \\ \quad\quad\text{ Retained Earnings .................................................. }& & &40,000 \\ \\ c) \text{ Cash........................................................... } & & {190,000} & \\ \quad\quad\text{ Common Shares .................................................. } & && 150,000 \\ \quad\quad \text{ Contributed Surplus.......................................... } & && 40,000 \\ \\ d) \text{ Cash .......................... }& & 100,000 & \\ \quad\quad \text{ Contributed Surplus ..........................} && 90,000 & \\\quad\quad\text{ Common Shares ..................................} & && 190,000 \\ \end{array}$