Hayes Construction Company issued 1,200 shares of no-par common stock for $17,600. Which of the following journal entries would be made if the stock has no stated value?

a. Cash.............................17,600

Common Stock............17,600

b. Cash................................17,600

Common Stock...............1,200

Paid-in Capital in Excess of Par....16,400

c. Cash..................................17,600

Common Stock......................1,200

Paid-in capital in Excess of Stated Value.....16,400

d. Common Stock....................17,600

Cash........................................................17,600