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If Dakota Company issues 2,400 shares of $6 par common stock for $48,000, Oa. Paid-In Capital in Excess of Par will be credited for $33,600.

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If Dakota Company issues 2,400 shares of $6 par common stock for $48,000, Oa. Paid-In Capital in Excess of Par will be credited for $33,600. Ob. Common Stock will be credited for $48,000. Oc. Cash will be debited for $14,400. Od. Paid-In Capital in Excess of Par will be credited for $14,400

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