Ace Discount Retail Company issued $800$ shares of no$-$par common stock for $$7200.$ Which of the following journal entries would be made if the stock has stated value of $$2$ per share?

Cash

$7200$

Common Stock

$7200$

$$ Cash

$7200$

Common Stock

$1600$

Paid$-$in Capital in Excess of Par

$5600$

Cash $7200$

Common Stock

Paid$-$in Capital in Excess of Stated Value

Common Stock $7200$

Cash

$7200$