On June 1 B

On June 1 B.Penelope Company issues 5000 shares of $5 par value common stock for $210000.Use the following tabular analysis to record the receipt of cash and issuance of shares:

A) Increase Cash $210000 increase Common Stock $185000 and increase Paid-in-Capital in Excess of Par $25000.
B) Increase Cash $210000 increase Common Stock $25000 and increase Stock Revenue $185000.
C) Increase Cash $210000 and increase Sales Revenue $210000
D) Increase Cash $210000 increase Common Stock $25000 and increase Paid-in-Capital in Excess of Par $185000.