d Alma Corp. issues 960 shares of $9 par common stock at $18 per share. When the transaction is journalized, credit(s) are made toO a. Common Stock for $17,280.O b. Common Stock for $8,640 and Retained Earnings for $8,640.c. Common Stock for $8,640 and Paid-In Capital in Excess of Stated Value for $8.640.O d. Common Stock for $8,640 and Paid In Capital in Excess of Par-Common Stock for $8.640.

The journal keeps the record of transactions on regular basis. The shares issued at more than par…

Alma Corp. issues 960 shares of $9 par common stock at $18 per share. When the transaction is journalized, credit(s) are made to O a. Common Stock for $17,280. O b. Common Stock for $8,640 and Retained Earnings for $8,640. O c. Common Stock for $8,640 and Paid-In Capital in Excess of Stated Value for $8,640. O d. Common Stock for $8,640 and Pain In Capital in Excess of Par-Common Stock for $8.640.