A corporation was formed on January 1. The corporate charter authorized 130,000 shares of $10 par value common stock. During the first month of operation, the corporation issued 250 shares to its attorneys in payment of a $5,000 charge for drawing up the articles of incorporation. The entry to record this transaction would include: rev: 07_08_2013_QC_31613

A debit to Contributed Capital in Excess of Par Value, Common Stock, for $2,500.

A debit to Organization Expenses for $5,500.

A credit to Contributed Capital in Excess of Par Value, Common Stock, for $5,000.

A debit to Organization Expenses for $5,000.

A credit to Common Stock for $5,000.