Alma Corp. issues 1,190 shares of $5 par common stock at $19 per share. When the transaction is recorded, credits are made to a. Common Stock, $5,950 and Retained Earnings, $16,660. b. Common Stock, $16,660 and Paid-In Capital in Excess of Stated Value, $5,950. c. Common Stock, $22,610. d. Common Stock, $5,950 and Paid-In Capital in Excess of ParCommon Stock, $16,660.

AlmaCorp.issues1, 190sharesof5 par common stock at 19per share.Whenthetransactionisrecorded, credit sar emadetoa.Common Stock,5,950 and Retained Earnings, 16, 660.b.Common Stock,16,660 and Paid-In Capital in Excess of Stated Value, 5,950.c.Common Stock,22,610. d. Common Stock, 5,950andPaid InCapital in Excessof Par