The Entry to Record Selling 100 Shares of No-Par Common

The entry to record selling 100 shares of no-par common stock with a stated value of $30 for $40 would be to:

A) debit Common Stock for $4,000;credit Cash for $4,000.
B) debit Cash for $4,000;credit Common Stock for $4,000.
C) debit Cash for $4,000;credit Common Stock for $3,000;credit Paid-In Capital in Excess of Stated Value-Common for $1,000.
D) debit Cash for $4,000;credit Common Stock for $1,000;credit Paid-In Capital in Excess of Par Value-Common for $3,000.