If Larger Company issues 2,800 shares of $7 par value common stock for $44,800, determine the result of the transaction on the accounts. Select the correct answer. Common Stock will be credited for $44,800. Cash will be debited for $19,600. Paid-in Capital in excess of Par Value will be credited for $19,600. Paid-in Capital in excess of Par Value will be credited for $25,200