A corporation issued 4,400 shares of its no par common stock at a cash price of $11 per share. The entry to record this transaction would be: Multiple Choice Debit Cash $48,400; credit Paid-in Capital in Excess of Par Value, Common Stock $4,400; credit Common Stock $44,000. Debit Cash $48,400; credit Common Stock $48,400. Debit Common Stock $48,400; credit Cash $48,400. Debit Treasury Stock $48,400; credit Cash $48,400. Debit Treasury Stock $4,400; debit Paid-in Capital in Excess of Par Value, Treasury Stock $44,000; credit Common Stock $48,400