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Copeland Company is authorized to issue 40,000 shares of $20 par common stock. On May 30, 2014, Copeland issued 25,000 shares at $30 per share.
Copeland Company is authorized to issue 40,000 shares of $20 par common stock. On May 30, 2014, Copeland issued 25,000 shares at $30 per share. Copeland's journal entry to record these facts should include a O A. credit to Common Stock for $500,000. OB. credit to Paid-in Capital in Excess of Par for $750,000. O C. debit to Common Stock for $750,000. OD. Both a and c
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