89009)

Pina Colada Corp. issued 11000 shares of stock at a stated value of $10/share. The total issue of stock sold for $15/share. The journal entry to record this transaction would include a

A)credit to Common Stock for $165000.

B)credit to Paid-in Capital in Excess of Par Value for $55000.

C)debit to Cash for $110000.

D)credit to Common Stock for $110000.