Centex, Inc. issued 41,000 shares of its $1 par value common stock for $30 per share. The journal entry to record the stock issue would include which of the following?
- A credit to cash for $1,230,000.
- A credit to additional paid-in capital for $1,230,000.
- A credit to additional paid-in capital for $41,000.
- A credit to common stock for $41,000.