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Post Inc. issued 5 0 , 0 0 0 shares of common stock, $ 1 par, for cash of $ 1 8 per share on

Post Inc. issued 50,000 shares of common stock, $1 par, for cash of $18 per share on January 1,2020. Post Inc. also incurred $10,000 in stock issue costs, paid in cash. The entry to record the issuance would include
Select one:
a.
A credit to Paid-in Capital in Excess of ParCommon Stock for $850,000.
b.
A credit to Paid-in Capital in Excess of ParCommon Stock for $840,000.
c.
A debit to Stock Issuance Costs for $10,000.
d.
A debit to Stock Issuance Expense for $10,000.

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