When 35,000 shares of $10-par common stock are issued at $16.50 per share, Paid-in Capital in Excess of Par Value is a. debited for $350,000. b. credited for $350,000. c. debited for $227,500. d. credited for $227,500. A journal entry includes a debit to Cash for $39,375, a credit to Common Stock for $26,250, and a credit to Paid-in Capital in Excess of Par Value for $13,125. The stock was issued for $75 per share. What is the par value for this stock, and how many shares were issued? a. \$25 par, 525 shares b. $50 par, 525 shares c. $50 par, 350 shares d. \$25 par, 350 shares