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It a corporation issues 2,700 shares of $1.20 par value common stock for $29,700, the journal entry would include a credit to O A. Common

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It a corporation issues 2,700 shares of $1.20 par value common stock for $29,700, the journal entry would include a credit to O A. Common Stock for $3,240. OB. Paid-in Capital in Excess of Par-Common for $29,700 OC Retained Earnings for $3,240, OD. Common Stock for $29,700

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