Balenberg Company Had 50,000 Shares of $150 Par Value Common

Balenberg Company had 50,000 shares of $150 par value common stock outstanding on June 30, 2019. On July 1, the board of directors declared a 10% stock dividend when the market value of each share was $162.
The journal entry on July 1 will include:

A) A credit to Stock Dividend Distributable for $750,000
B) A debit to Retained Earnings for $750,000
C) A credit to Stock Dividend Distributable for $810,000
D) A credit to Paid-in capital in excess of par value $810,000.