Exhibit 15-1 Hanson Co. Issued 10,000 Shares of Its $5 Par Common

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 was the initial issuance of stock at incorporation for Hanson Co. The entry to record the sale would include a

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