The corporate charter authorized 1,000,000 shares of 510 par value common stock

The corporate charter authorized 1,000,000 shares of 510 par value common stock. During the first month of opration, the corporation issued 400 shares to its attorneys in payment of a $7,000 charge for drawing up the articles of incorporation. The entry to record this transaction would include: A. A debit to Paid-in Capital in excess of Par Value. Common Stock for $3.000. B. A credit to Paid-in Capital in excess of Par Value, Common Stock for $4,000. C. A credit to Common Stock for $4,000. D. A debit to Organization Expenses for $6,000.