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A company issues 1 million shares of common stock with a par value of $0.15 for $16.30 a share. The entry to record this transaction
A company issues 1 million shares of common stock with a par value of $0.15 for $16.30 a share. The entry to record this transaction includes a debit to Cash for: Multiple Choice O $16,300,000 and a credit to Common Stock for $16,300,000. $150,000, a debit to Capital Receivable for $16,150,000, a credit to Common Stock for $150,000, and a credit to Additional Paid-in Capital for $16,150,000. $16,300,000, a credit to Common Stock for $150,000, and a credit to Additional Paid-in Capital for $16,150,000. $150,000 and a credit to Common Stock for $150,000.
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