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A corporation issues 3100 shares of common stock for $99,200. The stock has a stated value of $13 per share. What amount of credit to

A corporation issues 3100 shares of common stock for $99,200. The stock has a stated value of $13 per share. What amount of credit to common stock would the journal entry to record the stock issuance include?

A. 99,200

B. 40,300

C. 3,100

D. 58,900

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