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40 2.5 pts Brandon issues 1,000 shares of $5 par common stock for $20 per share. Stock issue costs such as underwriting fees and offering
40 2.5 pts Brandon issues 1,000 shares of $5 par common stock for $20 per share. Stock issue costs such as underwriting fees and offering expenses are $1000. The journal entry to record the issuance of stock will include which of the following entries? Credit Paid in Capital - Excess of Par by $14,000. Debit Common Stock by $5,000. Credit Cash by $19,000. Debit Cash by $20,000
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