Corona Coffee Company issued 1,000 shares of no-par common stock for $11,000. Which of the following journal entries would be made if the stock has a stated value of $2 per share?

a. Cash 11,000

Common Stock 11,000

b. Cash 11,000

Common Stock 2,000

Paid-in Capital in Excess of Par 9,000

c. Cash 11,000

Common Stock 2,000

Paid-in Capital in Excess of Stated Value 9,000

d. Common Stock 11,000

Cash 11,000