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MJH Company issued 75 shares of stock with a par value of $5 per share for $7 a share. The entry to journalize this would

MJH Company issued 75 shares of stock with a par value of $5 per share for $7 a share. The entry to journalize this would include:

a debit to common stock of $375

a credit to cash of $525

a debit to paid in capital in exess of par for $150

none of the above

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