Olsson Corporation received a check from its underwriters for $86 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $86 per share. Which is the correct entry to record the issue of the stock? Multiple Choice Cash 86,000,000 Cash Stock 27,000,000 Issue expense Stock contract receivable 59,000,000 Cash 86,800,000 Common stock 86,000,000