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Gibson Corporation issued 5,000 shares of $5 stated value common stock for $14 per share on July 7. Record the stock issuance. (Record debits first,

image text in transcribed Gibson Corporation issued 5,000 shares of $5 stated value common stock for $14 per share on July 7. Record the stock issuance. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Jul. 7

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