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Blossom Company issued 1000 shares of no-par common stock for $8000. Which of the following journal entries would be made if the stock has stated
Blossom Company issued 1000 shares of no-par common stock for $8000. Which of the following journal entries would be made if the stock has stated value of $3 per share? Common Stock 8000 Cash 8000 M Cash 8000 Common Stock 8000 MO Cash 8000 Common Stock 3000 M 5000 Paid-in Capital in Excess of Stated Value MO Cash 8000 Mu Common Stock 3000
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