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3. The ABC Corporation issued 5,000 shares of common stock, no par, no stated value for $8 per share on February 5, 2019. Prepare the

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3. The ABC Corporation issued 5,000 shares of common stock, no par, no stated value for $8 per share on February 5, 2019. Prepare the journal entry for this sale of common stock. Dr. Cash $40,0000 Cr. Common Stock $5,000 Cr. Pic excess par c.S. $35,000

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