Dallkin Corporation Issued 5,000 Shares of Common Stock on January

Dallkin Corporation issued 5,000 shares of common stock on January 1, 2015. The stock has no par value and was sold at $18 per share. The journal entry for this transaction would include a:

A) debit to Cash for $90,000 and a credit to Common Stock-No-Par Value for $90,000.
B) debit to Cash for $90,000 and a credit to Paid-In Capital in Excess of Par-Common for $600,000.
C) credit to Cash for $90,000 and a debit to Common Stock-No-Par Value for $90,000.
D) credit to Cash for $90,000, a debit to Paid-In Capital in Excess of Par-Common for $5,000, and a debit to Common Stock-No-Par Value for $85,000.