Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During the first month of operation, the corporation issued 270 shares to its attorneys in payment of a $4,700 charge for drawing up the articles of incorporation. The entry to record this transaction would include: Multiple Choice A credit to Common Stock for $4,700. O A debit to Paid-in Capital in Excess of Par Value, Common Stock for $2,000. O A credit to Paid-in Capital in Excess of Par Value. Common Stock for $4,700. A debit to Organization Expenses for $4,700. O d A debit to Organization Expenses for $2,700