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If Crane Company issues 9700 shares of $5 par value common stock for $160400, the account Paid-in Capital in Excess of Par will be credited
If Crane Company issues 9700 shares of $5 par value common stock for $160400, the account
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| Paid-in Capital in Excess of Par will be credited for $160400. |
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| Common Stock will be credited for $48500. |
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| Cash will be debited for $111900. |
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| Paid-in Capital in Excess of Par will be credited for $48500. |
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College Accounting, Chapters 1-15
Authors: James A. Heintz, Robert W. Parry
21st Edition
1285639723, 9781285639727
