Nexis Corp. Issues 2,320 shares of $11 par value common stock at $16 per share. When the transaction is recorded, what credit entry or entries are made a. Common Stock $25,520 and Paid-in Capital in Excess of Par Value $11,600. b. Common Stock $25,520 and Paid-in Capital in Excess of Stated Value $11,600. c. Common Stock $11,600 and Retained Earnings $25,520. d. Common Stock $37,120