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A corporation issues 4,950 shares of common stock for $158,400. The stock has a stated value of $18 per share. What amount of credit to

A corporation issues 4,950 shares of common stock for $158,400. The stock has a stated value of $18 per share. What amount of credit to Common Stock would the journal entry to record the stock issuance include?

a. $158,400
b. $4,950
c. $89,100
d. $69,300

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