Dolly's;best issued 200 shares of its $10 common stock in exchange for used packaging equipment with a fair market value of 2,400. The entry to record the acquisition of the equipment would include a..
A. credit to common stock for $ 2,400.
B. debit paid in capital in excess of par for $400.
c. Debit to equipment for 2,400.
D. debit to equipment for 2,000.
