Jackson Inc. received equipment valued at $40,000 and a building valued at $200,000 in exchange for 4,000 shares of $25 par value common stock and $50,000 cash. The entry to record this transaction would include.

Select one:

a. Credit to Additional Paid in Capital for $ 190,000

b. Credit to Additional Paid in Capital for $ 90,000

c. Credit to Retained Earnings for $90,000

d. Credit to Common Stock for $190,000