Torres, Inc. Productions issued

6060

shares of

$ 17$17

par value stock to its accountant in full payment for her

$ 1 comma 100$1,100

fee for assisting in setting up the new company. The entry to record the issuance of the stock would include a:

A.credit to Common Stock for

$ 1 comma 100$1,100.

B.credit to Common Stock for

$ 1 comma 020$1,020.

C.debit to Common Stock for

$ 1 comma 020$1,020.

D.debit to

Paidminusin

Capital in Excess of

ParminusCommon

for

$ 80$80.