A corporation issued 5,000 shares of its $1 par value stock at $16 per share. The entry to record this transaction would be: debit Cash $80,000; credit Paid-in Capital in Excess of Par Value, Common Stock $5,000; credit Common Stock $75,000. O debit Cash $80,000; credit Common Stock $80,000. debit Cash $80,000; credit Common Stock $5,000; credit Paid-in Capital in Excess of Par Value, Common Stock $75,000. O debit Treasury Stock $80,000; credit Cash $80,000. O debit Common Stock $80,000; debit Paid-in Capital in Excess of Par Value, Common Stock $5,000; credit Cash $75,000