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MJH Company issued 50 shares of stock with a par value of $10 per share for $12 a share. The entry to journalize this would
MJH Company issued 50 shares of stock with a par value of $10 per share for $12 a share. The entry to journalize this would include:
| a credit to cash of $600 | ||
| a debit to cash of $600 | ||
| a debit to common stock of $500 | ||
| a debit to Paid in Capital in Excess of Par of $100 |
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