Question: Question Content Area If Dakota Company issues 1 , 2 0 0 shares of $ 7 par common stock for $ 2 4 , 0

Question Content Area
If Dakota Company issues 1,200 shares of $7 par common stock for $24,000,
a. Paid-In Capital in Excess of Par will be credited for $15,600.
b. Common Stock will be credited for $24,000.
c. Cash will be debited for $8,400.
d. Paid-In Capital in Excess of Par will be credited for $8,400.

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