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Hip-Hop Architecture is a new chain of clothing stores. Hip-Hop issues 1,000 shares of its $1 par value common stock at $13 per share.
Hip-Hop Architecture is a new chain of clothing stores. Hip-Hop issues 1,000 shares of its $1 par value common stock at $13 per share. Record the issuance of the stock. How would the entry differ if Hip-Hop issued no-par value stock? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
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