River, Inc. issued 6,000 shares of $2 par value common stock…

River, Inc. issued 6,000 shares of $2 par value common stock for $13 per share. The journal entry to record this transaction is a. Cash     $78,000           Common Stock      $12,000            Paid-in-Capital       $66,000 b. Cash      $78,000             Common Stock        $12,000             Retained Earnings   $66,000 c.  Cash      $12,000             Common Stock      $12,000 d.   Cash     $78,000                Common Stock     $78,000