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Multiple Choice Question 91 Marigold Coffee Company issued 740 shares of no-par common stock for $7500. Which of the following journal entries would be made

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Multiple Choice Question 91 Marigold Coffee Company issued 740 shares of no-par common stock for $7500. Which of the following journal entries would be made if the stock has a stated value of $2 per share? Cash 7500 Common Stock 7500 Common Stock 7500 Cash 7500 Cash 7500 Common Stock 1480 Paid-in Cap i Excess of Par 6020 Cash 7500 Common Stock 1480 Paid-in Cap xcess of Stated Value 6020

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