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A was wrong on first try If a corporation issues 2,700 shares of $1.50 par value common stock for $32,400, the journal entry would include
A was wrong on first try 
If a corporation issues 2,700 shares of $1.50 par value common stock for $32,400, the journal entry would include a credit to A. Paid-in Capital in Excess of Par-Common for $32,400. B. Common Stock for $4,050. C. Retained Earnings for $4,050. D. Common Stock for $32,400 Step by Step Solution
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The Brand Management Audit
Authors: Mr Don Knight
1st Edition
0273649345, 978-0273649342
