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If Wayne Co. issues 10,000 shares of $5 par value common stock for $210,000, the account O Paid-in Capital in Excess of Par Value

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If Wayne Co. issues 10,000 shares of $5 par value common stock for $210,000, the account O Paid-in Capital in Excess of Par Value will be credited for $50,000. Common Stock will be credited for $50,000. Cash will be debited for $160,000. Paid-in Capital in Excess of Par Value will be credited for $210,000.

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