New Corp. issues 2,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, credits are made to Common Stock $20,000 and Retained Earnings $8,000. Common Stock $28,000. Common Stock $20,000 and Paid-in Capital in Excess of Par Value $8,000. Common Stock $20,000 and Paid-in Capital in Excess of Stated Value $8,000.Is the answer C?
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