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Concord Corporation issued 8000 shares of stock at a stated value of $10/share. The total issue of stock sold for $15/share. The journal entry to

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Concord Corporation issued 8000 shares of stock at a stated value of $10/share. The total issue of stock sold for $15/share. The journal entry to record this transaction would include a credit to Common Stock for $120000. credit to Paid-in Capital in Excess of Par Value for $40000. debit to Cash for $80000. credit to Common Stock for $80000

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