If a corporation issues

$2$ comma $0002,000$

shares of

$ $1\mathrm{.}60$$$1\mathrm{.}60$

par value common stock for

$ $20$ comma $000$$$20,000,$

the journal entry would include a credit to

Question content area bottom

Part $1$

A$.$

Retained Earnings for

$ $3$ comma $200$$$3,200.$

B$.$

Common Stock for

$ $3$ comma $200$$$3,200.$

C$.$

Common Stock for

$ $20$ comma $000$$$20,000.$

D$.$

$$Paid$-$in Capital in Excess of

Parlong dash$$Common

for

$ $20$ comma $000$$$20,000.$