T Corporation issued 1,000 shares of $10 par value common stock at $12 per share. While recording the transaction (Debits and Credits) credits are made to what accounts?

Select one:

a. Common Stock 10,000 and Paid in capital in Excess of Stated Value 2,000

b. Accounts Payable 2,000

c. Common Stock 10,000 and Paid In Capital IN Excess of PAR 2,000

d. Common Stock 12,000

e. Cash 10,000