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Julep Inc. issued 50,000 shares of common stock, $1 par, for cash of $18 per...

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Accounting

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Julep Inc. issued 50,000 shares of common stock, $1 par, for cash of $18 per share on January 1, 2020. Julep Inc. also incurred $10,000 in stock issue costs, paid in cash. The entry to record the issuance would include: A) A credit to Paid-in Capital in Excess of Par-Common Stock for $850,000 OB) A credit to Paid-in Capital in Excess of Par-Common Stock for $840,000 OC) A debit to Stock Issuance Costs for $10,000. OD) A debit to Stock Issuance Expense for $10,000

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