Hsu, Inc. issued 7,500 shares of stock at a stated value of $8/share. The total issue of stock sold for $15 per share.

The journal entry to record this transaction would include a

a.

debit to Cash for $60,000.

b.

credit to Common Stock for $60,000.

c.

credit to Paid-in Capital in Excess of Par for $112,500.

d.

credit to Common Stock for $112,500.