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If Keene Company issues 5,000 shares of $5 par value common stock for $80,000, the account Common Stock will be credited for $22,500. Paid-in Capital

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If Keene Company issues 5,000 shares of $5 par value common stock for $80,000, the account Common Stock will be credited for $22,500. Paid-in Capital in Excess of Par will be credited for $22,500. Paid-in Capital in Excess of Par will be credited for $55,000. Cash will be debited for $57,500

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