Elsinore Company is experiencing a cash flow shortfall and has asked certain key employees to accept shares of common stock $($instead of cash$)$ in payment of salaries. The employees accepted $25,000$ shares of $$0\mathrm{.}50$ par common stock in place of salaries of $$700,000.$ Which ONE of the following should be included in the journal entry necessary to record the issuance of these shares?

CREDIT Common Stock at Par for $$687,500$

CREDIT Paid$-$in Capital in Excess of Par for $$12,500$

CREDIT Salaries Expense for $$700,000$

CREDIT Paid$-$in Capital in Excess of Par for $$687,500$