A Corporation Issued 5,000 Shares of Its No Par Common

A corporation issued 5,000 shares of its no par common stock that was assigned a $1 stated value per share.The issue price was $10 per share.The entry to record this transaction would be:

A) Debit Cash $50,000;credit Paid-in Capital in Excess of Par Value,Common Stock $45,000;credit Common Stock $5,000.
B) Debit Cash $50,000;credit Common Stock $50,000.
C) Debit Common Stock $50,000;credit Cash $50,000.
D) Debit Treasury Stock $50,000;credit Cash $50,000.
E) Debit Common Stock $25,000;debit Paid-in Capital in Excess of Par Value,Common Stock $5,000;credit Common Stock $45,000.