36 2 pts Sunshine Corp. was organized on Jan. 1 with authorization of 20,000 shares of $5 preferred stock, $100 par, and 200,000 shares of $25 par common stock. Indicate the accounts that should be recorded in the Description column of the Journal item (2) as the credit accounts and for what amounts assuming that Sunshine Corp. received cash for the issuance of 10,000 shares of common stock at $30. JOURNAL Date Description. P.Ref DEBIT CREDIT Jan. 1 (1) $300,000 (2) (2) Common Stock credit of $300,000 and Cash credit of $50,000 O Treasury Stock credit of $250,000 and Cash credit of $50,000 O Common Stock credit of $250,000 and Paid-In Capital in Excess Par-Common Stock credit of $50,000 Common Stock credit of $300,000 and Treasury Stock credit of $50,000