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Question 9 (3 points) Prepare journal entry to record the following transaction: . A corporation is started with an investment of $50,000 in exchange for

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Question 9 (3 points) Prepare journal entry to record the following transaction: . A corporation is started with an investment of $50,000 in exchange for stock. If journal entry is required, please select at least one debit entry and one credit entry. If journal entry is not required, please select "no entry required". 1. Additional Paid-In Capital $50,000 2. Cash $50,000 Debit 3. Common Stock $50,000 Credit 4. Investment $50,000 5. Entry not required

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