Attorneys have helped Jana Company incorporate. They have billed the company $50,000 for their services. They agree to accept 6,000 shares of $5 par value common stock in payment of their bill. At the time of the exchange, there is no established market price for the stock, the journal entry for this transaction is:

Select one:

a. Debit to organization expense $ 30,000, debit to paid in capital in excess of par value $ 20,000 and credit to common stock $ 50,000.

b. Debit to organization expense $ 50,000 and credit to common stock $ 50,000.

c. Debit to organization expense $ 50,000, credit to common stock $ 30,000 and credit to paid in capital in excess of par value $ 20,000.

d. Debit to organization expense $ 30,000 and credit to common stock $ 30,000.