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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 0 A debit to Paid-in Capital in Excess of Par Value, Common Stock for $2,000. 0 A debit to Organization Expenses for $4,700. 0 A credit to Common Stock for $4,700. 0 A debit to Organization Expenses for $2,700. 0 A credit to Paid in Capital in Excess of Par Value. Common Stock for $4,700