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 10,000 shares of common stock at $4 per share would be: O debit Common Stock for $10,000, debit Paid in Capital in Excess of Par-Common for 30,000 and credit Cash for $40,000. debit Cash for $40,000, credit Common Stock for $10,000 and credit Paid-in Capital in Excess of Par-Common for $30,000 debit Common Stock for $40,000 and credit Cash for $40,000 O debit Treasury Stock for $40,000 and credit Cash for $40,000