If Pina Colada Corp. issues 9500 shares of $5 par value common stock for $217500, the account

A-

Cash will be debited for $170000.

B-

Common Stock will be credited for $217500.

C-

Paid-in Capital in Excess of Par Value will be credited for $170000.

D-

Paid-in Capital in Excess of Par Value will be credited for $47500.