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 280 shares to its attorneys in payment of a $4,800 charge for drawing up the articles of incorporation. the entry to record this transaction would include: 1. a debit to organization expenses for $4,800.2. a debit to organization expenses for $2,800.3. a credit to common stock for $4,800.4. a credit to paid-in capital in excess of par value, common stock for $4,800.5. a debit to paid-in capital in excess of par value, common stock for $2,000.