Wright Inc. issued 20,000 shares of $1 par value common stock for $80,000. The journal entry to record this issuance includes a:
A) Credit to Common Stock for $80,000.
B) Debit to Additional Paid-In Capital for $60,000.
C) Credit to Cash for $80,000.
D) Credit to Common Stock for $20,000.
Answer: D
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