Final answer:
The correct answer is b. $34,100, which represents the par value (stated value) of the 3,100 shares issued by Nebraska Inc.
Step-by-step explanation:
When Nebraska Inc. issues 3,100 shares of common stock for $99,200, with a stated value of $11 per share, the journal entry to record the stock issuance will involve crediting 'Common Stock' for the par value of the shares and the excess of the issued price over the stated value to 'Additional Paid-In Capital' or a similar equity account. The par value (or stated value) of the stock is calculated by multiplying the number of shares by the stated value per share, which in this case is 3,100 shares × $11 = $34,100. Thus, the credit to 'Common Stock' would be for $34,100, and the remaining amount, $99,200 - $34,100 = $65,100, would be credited to 'Additional Paid-In Capital'.
The correct journal entry for the stock issuance would include a credit to 'Common Stock' for $34,100, which corresponds to option b. Therefore, the answer is option b. $34,100.