If Hayes Corporation sells and issues 100 shares of its $1 par value common stock at $15 per share, the entry to record the sale will not include a

A. Debit to cash of $1,500.
B. Credit to contributed capital in excess of par of $1,400.
C. Credit to common stock of $100.
D. Credit to retained earnings of $1,500.
E. All of the above would be included.

Ans: D. Credit to retained earnings of $1,500.