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Gerry decides to open a landscape company, but as a corporation with no-par common stock. He takes $10,000 of his own money and uses it

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Gerry decides to open a landscape company, but as a corporation with no-par common stock. He takes $10,000 of his own money and uses it to open a corporate bank account. The journal entry to record this transaction would include a debit to "Cash" and a credit to Retained Earnings Preferred Stock Common Stock Paid-In Capital in Excess of Par

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