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Allridge Corporation received cash from issuing 40,000 shares ofcommon stock at $3 per share on January 1, 2024. The stock has apar value of $1

Allridge Corporation received cash from issuing 40,000 shares ofcommon stock at $3 per share on January 1, 2024. The stock has apar value of $1 per share. Which is the correct journal entry torecor 2 answers

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