When Wisconsin Corporation was formed on January $1,$ the corporate charter provided for $100,000$ shares of $$10$ par value common stock. During its first month of operation, the corporation issued $8,500$ shares of stock at a price of $$16$ per share.

The journal entry for this transaction would include a

a$.$ credit to Paid$-$In Capital in Excess of Par$-$Common Stock for $$51,000$

b$.$ credit to Common Stock for $$136,000$

c$.$ debit to Cash for $$85,000$

d$.$ debit to Common Stock for $$85,000$