Kunze Corporation Has $1 Par Value Common Stock with 100,000

Kunze Corporation has $1 par value Common Stock with 100,000 shares authorized and 25,000 shares issued.The journal entry to record Kunze's purchase of 10,000 shares of common stock at $4 per share would be:

A) debit Common Stock for $10,000,debit Paid-in Capital in Excess of Par-Common for 30,000 and credit Cash for $40,000.
B) debit Common Stock for $40,000 and credit Cash for $40,000.
C) debit Cash for $40,000,credit Common Stock for $10,000 and credit Paid-in Capital in Excess of Par-Common for $30,000.
D) debit Treasury Stock for $40,000 and credit Cash for $40,000.