If a corporation issues 3,500 shares of $2.20 par value common stock for $28,000, the journal entry would include a credit to

If a corporation issues 3,500 shares of $2.20 par value common stock for $28,000, the journal entry would include a credit to O A. Retained Earnings for $7,700. B. Paid-in Capital in Excess of ParCommon for $28,000. c. Common Stock for $7,700. D. Common Stock for $28,000