Paltrowski Company issued 1 million shares of no - par common stock with a stated value of $5. The issue price was $50 per share. Which journal entry is prepared? O A. debit Cash $50 million and...

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Extracted text: Paltrowski Company issued 1 million shares of no - par common stock with a stated value of $5. The issue price was $50 per share. Which journal entry is prepared? O A. debit Cash $50 million and credit Common Stock $50 million O B. debit Cash $50 million, credit Common Stock $5 million and credit Paid - in Capital in Excess of Stated Value-Common $45 million O C. debit Cash $50 million and credit Retained Earnings $50 million O D. debit Cash $50 million, credit Common Stock $5 million and credit Paid - in Capital in Excess of Par-Common $45 million MacBook Air esc 80 888 F1 F2 DD F3 F4 F5 F6 F7 F8 F9