Use the following information to answer questions 6 and 7. When ROK Corporation was formed on January 1, 2010, the corporate charter provided for 100,000 shares of $10 par value common stock.

6. Assume the corporation issued 5,000 shares of stock for $13 per share. The entry to record this transaction would include a:

a. Credit to Paid-in Capital Excess of Par for $65,000

b. Credit to Common Stock for $60,000

c. Credit to Paid-in Capital Excess of Par for $15,000

d. Credit to Cash for $65,000

7. Assume the corporation issued 5,000 shares of stock for $19 per share. The entry to record this transaction would include a:

a. credit to Paid-in Capital Excess of Par value for $95,000

b. credit to Common Stock for $95,000

c. debit to Paid-in Capital Excess of Par Value for $45,000

d. credit to Common Stock for $50,000