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South Beach Apparel issued 15,000 shares of $5 par value for $25 per share. What is true about the journal entry to record the issuance?

South Beach Apparel issued 15,000 shares of $5 par value for $25 per share. What is true about the journal entry to record the issuance? A)Debit Common Stock $75,000 B)Credit Additional Paid-In Capital $300,000 C)Credit Common Stock $375,000 D)Credit Cash $375,000

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