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If Dakota Company issues 2,900 shares of $8 par common stock for $58,000, a.Cash will be debited for $23,200. b.Paid-in Capital in excess of Par
If Dakota Company issues 2,900 shares of $8 par common stock for $58,000, a.Cash will be debited for $23,200. b.Paid-in Capital in excess of Par Value will be credited for $23,200. c.Common Stock will be credited for $58,000. d.Paid-in Capital in excess of Par Value will be credited for $34,800.
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