If larger company issues 2600 shares of $8 par value common stock for 44,200, determine the result of the transaction on the accounts.

A. Common stock will be credited for $44,200

B. Paid-in capital in excess of par value will be credited for $20,800

C. Cash will be debited for $20,800

D. Paid in capital in excess of par value will be credited for $23,400