4. ABC Corporation issues 1,000 shares of $10 par value common stock at $12 per share. In recording the transac¬

tion, credits are made to:

a. Common Stock $10,000 and Paid-in Capital in Excess of Stated Value $2,000.

b. Common Stock $12,000.

c. Common Stock $10,000 and Paid-in Capital in Excess of Par Value $2,000.

d. Common Stock $10,000 and Retained Earnings $2,000.