Suppose Pier 1 Imports issued 100,000 shares of 50.05 par common stock at \(\$ 1\) per share. Which journal entry correctly records the issuance of this stock?

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a. Cash. 100.000 Common Stock 100,000 b. Common Stock... 100,000 Cash........... 5,000 Paid-In Capital in Excess of Par 95,000 c. Common Stock..... 100.000 Cash............... 100,000 d. Cash........... 100.000 Common Stock. 5,000 Paid-In Capital in Excess of Par....... 95,000