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South Beach Apparel issued 11,000 shares of $4 par value stock for $20 per share. What is true about the journal entry to record the

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South Beach Apparel issued 11,000 shares of $4 par value stock for $20 per share. What is true about the journal entry to record the issuance? Multiple Choice Debt Common Stock $44,000 Credit Cash $220.000 C) Credit Additional Pald-in Capital $176,000 Credit Common Stock $220,000

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