Washington Corporation Issued 7,000 Shares of Its $28 Par Value

Washington Corporation issued 7,000 shares of its $28 par value common stock for $31 per share. The entry to record the issuance would include a:

A) credit to Cash for $217,000.
B) credit to Common Stock for $21,000.
C) credit to Common Stock for $196,000.
D) debit to Paid-in Capital in Excess of Par Value-Common for $21,000.