Bendik Corporation received a check from its underwriters for $$48,600,000.$ This was for the issue of one million of its $$\mathrm{.}01$ par stock that the underwriters expect to sell for $$52$ per share. Which is the correct entry to record the issue of the stock?

$\backslash$table$[[$Cash$,48,600,000,],[$Common stock,,$10,000],[$Paid$-$in capital$-$excess of par,,$48,590,000$