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A company issues 1 million shares of common stock with a per value of $0.07 for $15.50 a share. The entry to record this transaction
A company issues 1 million shares of common stock with a per value of $0.07 for $15.50 a share. The entry to record this transaction Includes a deblt to Cash for $70,000, a debit to Captal Recelvable for $15,430,000, a credit to Common Stock for $70,000, and a credi to Addtional Pald-In Capital for $15,430,000 $15,500,000, a credit to Common Stock for $70,000, and a credit to Additional Paid-in Capital for $15,430,000 O $15,500.000 and a credit to Common Stock for $15,500,000 O $70,000 and a credit to Common Stock for $70,000 O Type here to search DOLL F4 F8 F10 3 6 7 8 WE
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