Barrett Corporation issues 1,000 shares of $1 par value common stock at $1.50 per share. When the transaction is recorded: The Common Stock account increases by $1,500, and the Paid-in Capital in Excess of Par Value account increases by $1,000. The Common Stock account increases by $1,500, and the Paid-in Capital in Excess of Par Value account increases by $500. The Common Stock account increases by $1,500, and the Retained Earnings account increases by $1,000. The Common Stock account increases by $1,000, and the Paid-in Capital in Excess of Par Value account increases by $1,500. The Common Stock account increases by $1,000, and the Paid-in Capital in Excess of Par Value account increases by $500. The Common Stock account increases by $1,000, and the Retained Earnings account increases by $1,500