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Paula Corporation was authorized to issue 28,000 shares of common stock. Record the journal entry for each of the following independent situations, assuming Paula issues
Paula Corporation was authorized to issue 28,000 shares of common stock. Record the journal entry for each of the following independent situations, assuming Paula issues 5, 600 shares at $9 on July 20, 201X: a. Common stock has an $8 par value. b. Common stock has no-par and no stated value. c. Common stock is no-par stock with a stated value of $7
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