When Bunyan Corporation was formed on January 1, the corporate charter provided for 114,400 shares of $7 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 6,200 shares of stock at a price of $21 per share.

Which of the following would be included when recording the transaction?

Select the correct answer.

credit to Paid-in Capital in Excess of Par for $86,800

credit to Common Stock for $130,200

debit to Common Stock for $114,400

debit to Cash for $43,400