Previous Page Next Page Page 3 of 6 Question 3 (0.5 points) Dawson Company issued 800 shares of common stock with a par value of $2 at a price of $9 per share. What is the effect on the accounts of this transaction? Increase Cash for $7,200 and increase Common Stock $1,600 and Paid-in Capital in Excess of Par $5,600 Increase Cash and increase Common Stock for $7,200 Decrease Common Stock and decrease Cash for $7,200 Increase Cash for $7,200 and increase Common Stock $5,600 and Paid-in Capital in Excess of Par $1,600