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please help! A company issued 60 shares of $100 par value common...

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Accounting

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A company issued 60 shares of $100 par value common stock for $7,800 cash. The journal entry to record the issuance is: Multiple Choice Debit Cash \$7,800; credit Common Stock $7,800. Debit Investment in Common Stock $7,800; credit Cash $7,800. Debit Cash \$7,800; credit Paid-in Capital in Excess of Par Value, Common Stock \$6,000, credit Common Stock $1,800. Debit Common Stock $6,000, debit investment in Common Stock $1,800; credit Cash \$7,800. Debit Cash $7,800; credit Common Stock $6,000; credit Paid-in Capital in Excess of Par Value, Common $tock$1,800

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