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Parrott Enterprises Inc. issued 7000 shares of $9 stated value common stock for $16 per share. The journal entry to record this transaction includes a

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Parrott Enterprises Inc. issued 7000 shares of $9 stated value common stock for $16 per share. The journal entry to record this transaction includes a credit to Select one: a. Paid-In Capital in Excess of Stated-Common for $63,000 b. Common Stock for $112,000 c. Common Stock - $9 Stated Value for $49,000 d. Paid-in Capital in Excess of Stated-Common for $49,000

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