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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

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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 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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