Current Attempt in Progress

Sheridan Corp. issues $1400$ shares of $$10$ par value common stock at $$18$ per share. When the transaction is recorded, credits are made to

Common Stock $$14000$ and Paid$-$in Capital in Excess of Stated Value $$11200.$

Common Stock $$14000$ and Retained Earnings $$11200.$

Common Stock $$14000$ and Paid$-$in Capital in Excess of Par $$11200.$

Common Stock $$25200.$