Victory Corporation Issues 17,000 Shares of Its $2 Par Value

Victory Corporation issues 17,000 shares of its $2 par value common stock for $152,025 cash on February 20.What is the appropriate journal entry to record this transaction?

A) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 152,025 & \\\hline \text { Common Stock } & & 34,000 \\\hline \begin{array} { c } \text { Paid-in Capital in Excess of Par, Common } \\\text { Stock }\end{array} & & 118,025\\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Common Stock } & 152,025 & \\\hline \text { Cash } & & 152,025 \\\hline\end{array}$$
C) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 152,025 & \\\hline \text { Common Stock } & & 34,000 \\\hline \text { Retained Earnings } & & 118,025 \\\hline\end{array}$$
D) $$\begin{array} { | c | r | r | } \hline \text { Cash } & 152,025 & \\\hline \text { Common Stock } & & 152,025 \\\hline\end{array}$$
E) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 118,025 & \\\hline \begin{array} { c } \text { Paid-In Capital in Excess of Par, Cormmon } \\\text { Stock }\end{array} & & 34,000 \\\hline \text { Common Stock } & & 152,025\\\hline\end{array}$$