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Alliance Corp. issues 2,160 shares of $12 par value common stock at $16 per share. When the transaction is recorded, what credit entry or entries are made Select the correct answer. Common Stock $34,560 Comenon Stock 58,640 and Retained Earings $25,920 Common Stock $25,920 and Paid-in Capital in Excess of Stated Value $8,640, Common Stock $25,920 and Paid-in Cupital in Excess of Pur Value $8,640