Hawkeye Corporation Issues 100 Shares of No-Par Value Common Stock

Hawkeye Corporation issues 100 shares of no-par value common stock for $20 per share. This transaction will include a credit to Common Stock for:

A) $1,000 and a Gain on Issue of Common Stock for $1,000.
B) $1,000 and a credit to Retained Earnings for $1,000.
C) $1,000 and a credit to Paid-in Capital for $1,000.
D) $2,000 and no entry to Paid-in Capital in Excess of Par or Stated Value.