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If Pharoah Company issues 4500 shares of $5 par value common stock for $157500, the account O Paid-in Capital in Excess of Par will
If Pharoah Company issues 4500 shares of $5 par value common stock for $157500, the account O Paid-in Capital in Excess of Par will be credited for $135000. O Paid-in Capital in Excess of Par will be credited for $22500. O Cash will be debited for $135000. Common Stock will be credited for $157500.
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