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 280 shares to its attorneys in payment of a $4,800 charge for drawing up the articles of incorporation. The entry to record this transaction would include:

A debit to Organization Expenses for $4,800.

A debit to Organization Expenses for $2,800.

A credit to Common Stock for $4,800.

A credit to Paid-in Capital in Excess of Par Value, Common Stock for $4,800.

A debit to Paid-in Capital in Excess of Par Value, Common Stock for $2,000.