Bradley Corporation issued 10,000 shares of common stock on January 1, 2015. The stock has a par value of $0.01 per share and was sold for cash at par. Which of the following is the correct journal entry to record this transaction?

A.Cash debited for $10,000, Common Stock - $0.01 Par Value credited for $100, and Paid-In Capital in Excess of Par Common credited for $9,900

B.Paid In Capital in Excess of Par Common debited for $9,900 and Common Stock - $0.01 Par Value credited for $9,900

C.Cash debited for $100 and Common Stock - $0.01 Par Value credited for $100

D.Cash credited for $10,000 and Common Stock - $0.01 Par Value debited for $10,000