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If Swifty Corporation issues 5500 shares of $10 par value common stock for $355000, the account Common Stock will be credited for $55000. Paid-in Capital

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If Swifty Corporation issues 5500 shares of $10 par value common stock for $355000, the account Common Stock will be credited for $55000. Paid-in Capital in Excess of Par Value will be credited for $55000. Paid-in Capital in Excess of Par Value will be credited for $355000. Cash will be debited for $300000

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