Alliance Corp. issues 1,820 shares of $10 par value common stock at $17 per share. When the transaction is recorded, what credit entry or entries are made? Select one:

Common Stock $18,200 and Paid-in Capital in Excess of Stated Value $12,740.

Common Stock $12,740 and Retained Earnings $18,200.

Common Stock $18,200 and Paid-in Capital in Excess of Par Value $12,740.

Common Stock $30,940.