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Carla Corporation issued 610 shares of no-par common stock for $7,000 Prepare Carla's journal entry if (a) the stock has no stated value, and (b)

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Carla Corporation issued 610 shares of no-par common stock for $7,000 Prepare Carla's journal entry if (a) the stock has no stated value, and (b) the stock has a stated value of $3 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit

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