Dollys Best issued 200 shares of its $10 common stock in exchange for used packaging equipment with a fair market value of $2,400. The entry to record the acquisition of the equipment would include a;

a. debit to Equipment for $2,000.

b. debit to Paid-In Capital in Excess of Par for $400.

c. credit to Common Stock for $2,400.

d. debit to Equipment for $2,400.