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A company sold 200 shares of common stock with a par value of $5 at a price of $13 per share. What is the effect

A company sold 200 shares of common stock with a par value of $5 at a price of $13 per share. 

What is the effect on the accounts of this transaction?


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The effect on the accounts of this transaction would typically be recorded as follows Common Stock T... blur-text-image

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