When Wisconsin Corporation was formed on January 1, the corporate charter provided for 82,800 shares of $14 par value common stock. During its first month of operation, the corporation issued 6,470 shares of stock at a price of $30 per share. The journal entry for this transaction would include a

a.credit to Paid-In Capital in Excess of ParCommon Stock for $103,520

b.debit to Cash for $90,580

c.credit to Common Stock for $194,100

d.debit to Common Stock for $82,800