On January 2, 2016, Torres Corporation issued 20,000 shares of $10 par-value common stock for $11 per share. Which of the following statements is true?
A. The Common Stock account will increase by $220,000.
B. The Cash account will increase by $200,000.
C. Total equity will increase by $200,000.
D. The Paid-in Capital in Excess of Par Value account will increase by $20,000.
