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A company issued 50 shares of $100 par value common stock for $7,200 cash. The journal entry to record the issuance is: Multiple Choice Debit Cosh \$7.200, credit Common Stock \$7,200. Debit lnvestment in Common Stock \$7,200; credit Cash 57,200 Debit Cash $7,200, credit Commen Stock $5,000; credit Paid-in Captal in Excess of Par Value, Common Stock $2,200. Debit Common 5tock $5,000, debit investment in Common Stock \$2,200, credit Cash $7,200. Debit Cash \$7,200: credit Paldain Capital in Excess of Par Yalue; Common Stock 55,000 , credr Common Stock $2.200