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A company issues 51,000 shares of its $8 par common stock for $20 per share. The amount to be debited to Cash is: A. $1,428,000

A company issues 51,000 shares of its $8 par common stock for $20 per share. The amount to be debited to Cash is: A. $1,428,000 OB. $1,020,000 OC. $612,000 OD. $408,000

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