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16 NEED HELP ASAP If Keene Company issues 9,000 shares of $5 par value common stock for $160,000, the account Common Stock will be credited
16 NEED HELP ASAP
If Keene Company issues 9,000 shares of $5 par value common stock for $160,000, the account
| Common Stock will be credited for $45,000. | ||
| Paid-in Capital in Excess of Par will be credited for $45,000. | ||
| Paid-in Capital in Excess of Par will be credited for $160,000. | ||
| Cash will be debited for $115,000. |
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