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If Dakota Company issues 2,600 shares of $7 par common stock for $57,200, a. Paid-in Capital in excess of Par Value will be credited for

If Dakota Company issues 2,600 shares of $7 par common stock for $57,200, a. Paid-in Capital in excess of Par Value will be credited for $39,000. b. Cash will be debited for $18,200. c. Paid-in Capital in excess of Par Value will be credited for $18,200. d. Common Stock will be credited for $57,200.

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