A corporation issued 5,000 shares of its no par common stock that was assigned a $1 stated value per share. The issue price was $10 per share. The entry to record this transaction would be

• Debit Cash $50,000; credit Paid-in Capital in Excess of Stated Value, Common Stock $45,000; credit Common Stock $5,000.

• Debit Cash $50,000; credit Common Stock $50,000.

• Debit Common Stock $50,000; credit Cash $50,000.

• Debit Treasury Stock $50,000; credit Cash $50,000.

• Debit Common Stock $25,000; debit Paid-in Capital in Excess of Par Value, Common Stock $5,000; credit Common Stock $45,000.