Sunrise Online issued 500 shares of its $10 common stock in exchange for equipment with a fair market value of $7,500. The entry to record the transaction would include a:

a. debit to Equipment for $5,000

b. debit to Common Stock for $5,000

c. credit to Paid-in Capital in Excess of Par Value for $2,500

d. credit to Common Stock Subscribed for $5,000