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If Dakota Company issues 3,500 shares of $6 par common stock for $70,000, Oa. Common Stock will be credited for $70,000. Ob. Paid-in Capital in

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If Dakota Company issues 3,500 shares of $6 par common stock for $70,000, Oa. Common Stock will be credited for $70,000. Ob. Paid-in Capital in excess of Par Value will be credited for $21,000. Oc. Cash will be debited for $21,000. Od. Paid-in Capital in excess of Par Value will be credited for $49,000

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