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If Pharoah Supply Company issues 4500 shares of $5 par value common stock for $189000, the account Common Stock will be credited for $166500. Cash

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If Pharoah Supply Company issues 4500 shares of $5 par value common stock for $189000, the account Common Stock will be credited for $166500. Cash will be debited for $189000. Paid-in Capital in Excess of Par will be credited for $189000. Paid in Copital in Excess of Par will becredited for $211500

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