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Sheffield Corp. issues 2100 shares of $10 par value common stock at $18 per share. When the transaction is recorded, credits are made to Common
Sheffield Corp. issues 2100 shares of $10 par value common stock at $18 per share. When the transaction is recorded, credits are made to Common Stock $21000 and Paid-in Capital in Excess of Par $16800. Common Stock $21000 and Retained Earnings $16800. Common Stock $21000 and Paid-in Capital in Excess of Stated Value $16800. Common Stock $37800
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