A corporation issued 290 shares of its $5 par value common stock in payment of a $3,700 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include:

OPTIONS:

1. A $2,250 credit to Paid-in Capital in Excess of Par Value, Common Stock.

2. A $1,450 debit to Organization Expenses.

3. A $3,700 debit to Legal Expenses.

4. A $3,700 credit to Common Stock.

5. A $3,700 credit to Cash.