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A corporation issues 3,850 shares of common stock for $123,200. The stock has a stated value of $11 per share. What amount of credit to

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A corporation issues 3,850 shares of common stock for $123,200. The stock has a stated value of $11 per share. What amount of credit to Common Stock would the journal entry to record the stock issuance include? Select the correct answer. $3,850 $42,350 $80,850 O $123,200

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