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Entity H issued 2,000 shares of its $1 par value common stock for $5 per share. Which of the following statements is correct? Common stock

Entity H issued 2,000 shares of its $1 par value common stock for $5 per share. Which of the following statements is correct?

Common stock will be credited for $2,000.

Cash should be debited for $8,000.

Common stock will be credited for $10,000.

Paid-in-capital-in-excess-of-par-value should be credited for $10,000.

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