Cey, Incissued 10,000 Shares of Stock at a Stated Value of of $10/share.The

Multiple Choice

Cey, Inc.issued 10,000 shares of stock at a stated value of $10/share.The total issue of stock sold for $15/share.The journal entry to record this transaction would include a

A) debit to Cash for $100,000.
B) credit to Common Stock for $100,000.
C) credit to Paid-in Capital in Excess of Par Value for $50,000.
D) credit to Common Stock for $150,000.