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Colvin Corporation issued 9,000 shares of $3 stated value common stock for $12 per share on July 7. Record the stock issuance (Record debits first,

Colvin Corporation issued 9,000 shares of $3 stated value common stock for $12 per share on July 7. Record the stock issuance (Record debits first, then credits. Select the explanation on the last Ine of the journal entry table.) Date Accounts and Explanation Debit Credit JU. 7

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