Question: Kim, Inc. issued 5,000 shares of stock at a stated value of $10/share. The total issue of stock sold for $15 per share. The journal entry to record this transaction would include a;
[A] Credit to Paid-in Capital in Excess of Par Value for $25,000
[B] Credit to Common Stock for $75,000
[C] Debit to Cash for $50,000
[D] Credit to Common Stock for $50,000