Dallkin Corporation Issued 8,000 Shares of Common Stock on January

Dallkin Corporation issued 8,000 shares of common stock on January 1,2017.The stock has no par value and was issued at $22 per share.The journal entry for this transaction includes a ________.

A) debit to Cash for $176,000 and a credit to Common Stock-No-Par Value for $176,000
B) debit to Cash for $176,000 and a credit to Paid-In Capital in Excess of Par-Common for $176,000
C) credit to Cash for $176,000 and a debit to Common Stock-No-Par Value for $176,000
D) credit to Cash for $176,000,a debit to Paid-In Capital in Excess of Par-Common for $8,000,and a debit to Common Stock-No-Par Value for $168,000