Kunze Corporation has $1 par value Common Stock with 100,000 shares authorized and 25,000 shares issued. The journal entry to record Kunze's purchase of 1,000 shares of common stock at $5 per share would be: O A. debit Treasury Stock for $5,000 and credit Cash for $5,000 B. debit Common Stock for $5,000 and credit Cash for $5,000 c. debit Cash for $5,000, credit Common Stock for $1,000 and credit Paid - in Capital in Excess of Par Common for $4,000 OD. debit Common Stock for $1,000, debit Paid - in Capital in Excess of Par-Common for S4,000 and credit Cash for $5,000. Next Calculator