Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During the first month of operation, the corporation issued 400 shares to its attorneys in payment of a $5,000 charge for drawing up the articles of incorporation. The entry to record this transaction would include: Multiple Choice A debit to Organization Expenses for $4,000. A debit to Organization Expenses for $5,000. A credit to Common Stock for $5,000. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $5,000. A debit to Paid-in Capital in Excess of Par Value, Common Stock for $2,000.