Question 44 A company exchanged 500 shares of $2 par value common stock for $3,000 of legal services incurred during the company's organization. Which of the following is a correct statement? O debit to cash in the amount of $3,000 O credit to common stock in the amount of $2,000 O credit organizational costs in the amount of $3,000 credit to paid-in-capital in excess of par value is $2,000 Question 45