Jenkins Realty, Inc. issued 7,000 shares of $9 stated value common stock for $16 per share. The journal entry to record this transaction includes a credit to ________

A) Common Stock for $112,000
B) Paid-In Capital in Excess of Stated - Common for $63,000
C) Common Stock - $9 Stated Value for $49,000
D) Paid-In Capital in Excess of Stated - Common for $49,000

D