If Larger Company issues 3,500 shares of $8 par value common stock for $66,500, determine the result of the transaction on the accounts Select the correct answer. O Paid-in Capital in excess of Par Value will be credited for $38,500. Common Stock will be credited for $66,500. Paid-in Capital in excess of Par Value will be credited for $28,000. Cash will be debited for $28,000.