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A corporation issues 1,500 shares of common stock for $30,000. The stock has a par value of $5 per share. The journal entry to record

A corporation issues 1,500 shares of common stock for $30,000. The stock has a par value of $5 per share. The journal entry to record the stock issuance would include a credit to Paid-in Capital in Excess for $22,500.$15,000.$7,500.$30,000

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