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Company K issued 5,000 shares of common stock at $20 per share. Calculate the total amount of cash received from the issuance of stock and



Company K issued 5,000 shares of common stock at $20 per share. Calculate the total amount of cash received from the issuance of stock and journalize the transaction. Additionally, compute the par value per share if the company has a total par value of $25,000.

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