Post Inc. issued $50,000$ shares of common stock, $$1$ par, for cash of $$18$ per share on January $1,2020.$ Post Inc. also incurred $$10,000$ in stock issue costs, paid in cash. The entry to record the issuance would include

Select one:

a$.$

A credit to Paid$-$in Capital in Excess of Par$$Common Stock for $$850,000.$

b$.$

A credit to Paid$-$in Capital in Excess of Par$$Common Stock for $$840,000.$

c$.$

A debit to Stock Issuance Costs for $$10,000.$

d$.$

A debit to Stock Issuance Expense for $$10,000.$