Question $1$

On $2/28/2019,$ Say Something, Corp. issued $8,000$ shares of $$0\mathrm{.}50$ par value common stock

for $$15$ per share. The journal entry to record this issuance would include:

A debit to Cash for $$4,000.$

A credit to Additional Paid$-$in Capital for $$120,000.$

A credit to Common Stock for $$120,000.$

A debit to Common Stock for $$4,000.$

A credit to Additional Paid$-$in Capital for $$116,000.$