Nexis Corp. issues 1,160 shares of $8 par value common stock at $18 per share. When the transaction is journalized, credits are made to

a.Common Stock, $20,880.

b.Common Stock, $11,600 and Paid-In Capital in Excess of Stated Value, $9,280.

c.Common Stock, $9,280, and Paid-In Capital in Excess of ParCommon Stock, $11,600.

d.Common Stock, $11,600 and Retained Earnings, $9,280.