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Alliance Corp. Issues 1,350 shares of $11 par value common stock at $15 per share. When the transaction is recorded, what credit entry or entries

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Alliance Corp. Issues 1,350 shares of $11 par value common stock at $15 per share. When the transaction is recorded, what credit entry or entries are made? Select the correct answer. Common Stock $20,250. Common Stock $14,850 and Pald-in Capital in Excess of Stated Value $5,400. Common Stock $5,400 and Retained Earnings $14,850. Common Stock $14,850 and Paid-in Capital in excess of Par Value $5,400

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