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ABC Company issued 12,000 shares of $3 par value stock for $15 per share. What is true about the journal entry to record the issuance?

ABC Company issued 12,000 shares of $3 par value stock for $15 per share. What is true about the journal entry to record the issuance? Multiple Choice Debit Common Stock $36,000 Credit Additional Paid-In Capital $144,000 Credit Common Stock $180,000 Credit Cash $180,000

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