A corporation issued 2.500 shares of its $10 par common stock at a cash price of $11 per share. The entry to record this transaction would be: Debit Treasury Stock $27.500: credit Cash $27.500. Debit Cash $27.500; credit Common Stock $27.500. Debit Treasury Stock $2,500: debit Paid-in Capital in Excess of Par Value, Treasury Stock $25,000: credit Common Stock $27.500 Debit Common Stock $27.500; credit Cash $27.500. Debit Cash $27,500; credit Paid-in Capital in Excess of Par Value, Common Stock $2,500, credit Common Stock $25,000