El Paso Co. decides to incorporate and sells stock. The company sells 10,000 shares of $10 par value common stock for $25 per share. What is the journal entry to record this transaction?

	a.	Dr: Cash $250,000 Cr: Common Stock $100,000 Cr: Paid-in Capital in Excess of Par - Common $150,000
	b.	Dr: Cash $250,000 Cr :Owners Equity $250,000
	c.	Dr: Cash $250,000 Cr: Common Stock $250,000
	d.	Dr: Cash $250,000 Cr: Preferred Stock $250,000