Bradley Corporation Issued 10,000 Shares of Common Stock on January

Bradley Corporation issued 10,000 shares of common stock on January 1, 2015. The stock has a par value of $0.01 per share and was sold for cash at par. Which of the following is the correct journal entry to record this transaction?

A) Cash debited for $100 and Common Stock-$0.01 Par Value credited for $100
B) Cash credited for $10,000 and Common Stock-$0.01 Par Value debited for $10,000
C) Paid-In Capital in Excess of Par-Common debited for $9,900 and Common Stock-$0.01 Par Value credited for $9,900
D) Cash debited for $10,000, Common Stock-$0.01 Par Value credited for $100, and Paid-In Capital in Excess of Par-Common credited for $9,900