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Question Content Area Nexis Corp. issues 2 , 0 2 0 shares of $ 1 1 par value common stock at $ 1 6 per

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Nexis Corp. issues 2,020 shares of $11 par value common stock at $16 per share. When the transaction is journalized, credit(s) are made to
a. Common Stock for $32,320
b. Common Stock for $22,220 and Paid-In Capital in Excess of ParCommon Stock for $10,100
c. Common Stock for $10,100 and Retained Earnings for $22,220
d. Common Stock for $22,220 and Paid-In Capital in Excess of Stated Value for $10,100

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