Alliance Corp. issues 2,480 shares of $8 par value common stock at $16 per share. When the transaction is recorded, what credit entry or entries are made? Select the correct answer. Common Stock $19,840 and Paid-in Capital in Excess of Stated Value $19,840. Common Stock $39,680. Common Stock $19,840 and Paid-in Capital in Excess of Par Value $19,840. Common Stock $19,840 and Retained Earnings $19,840