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A corporation issues 3,400 shares of common stock for $108,800. The stock has a stated value of $13 per share. What amount of credit to

A corporation issues 3,400 shares of common stock for $108,800. The stock has a stated value of $13 per share. What amount of credit to Common Stock would the journ entry to record the stock issuance include? Select the correct answer $ 64,600 $3,400 $108,800 $44,200

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