If Larger Company issues 2,100 shares of $6 par value common stock for $37,800, determine the result of the transaction on the accounts.

Select the correct answer.

Common Stock will be credited for $37,800.

Paid-in Capital in excess of Par Value will be credited for $25,200.

Cash will be debited for $12,600.

Paid-in Capital in excess of Par Value will be credited for $12,600.