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help i am studying (7q) Crane, Inc, issued 15500 shares of stock with a stated value of $8 per share. The total issue of stock
help i am studying (7q)
Crane, Inc, issued 15500 shares of stock with a stated value of $8 per share. The total issue of stock sold for $14 per share. The journal entry to record this transaction would include a credit to Paid-in Capital in Excess of Par for $217000. credit to Common Stock for $124000. debit to Cash for $124000. credit to Common Stock for $217000 Step by Step Solution
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