When Wisconsin Corporation Was Formed on January 1, the Corporate

When Wisconsin Corporation was formed on January 1, the corporate charter provided for 100,000 shares of $10 par value common stock. During its first month of operation, the corporation issued 8,500 shares of stock at a price of $16 per share.​The entry to record the above transaction would include a

A) debit to Cash for $85,000
B) credit to Common Stock for $136,000
C) credit to Paid-In Capital in Excess of Par-Common Stock for $51,000
D) debit to Common Stock for $85,000