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A corporation has the following journal entry recorded on June 15 of the current year: Debit: Cash$76,000 Credit: Common Stock$15,200 Credit: Paid-in Capital in Excess
A corporation has the following journal entry recorded on June 15 of the current year: Debit: Cash$76,000 Credit: Common Stock$15,200 Credit: Paid-in Capital in Excess of Par..$60,800 The stock was sold for $20 per share. What is the par of the stock, and how many shares were sold? | |||||||||
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