Multiple choice so 1, 2, 3, or 4

Question 18:

A Company sells 100,000 shares of $5 dollar par value common stock for $50 per share. What is the journal entry entry to record the transaction?

D Question 18 5 pts A company sells 100,000 shares of $5 par value common stock for $50 per share. The journal entry to record the transaction is: Dr Common Stock 5,000,000 Cr Cash 5,000,000 2. Dr Cash 5,000,000 Cr Common Stock 5,000,000 3. Dr Cash 500,000 Cr Common Stock 500,000 4. Dr Cash 5,000,000 Cr Common Stock 500,000 Cr Paid In Capital 4,500,000 0 4 O 2