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South Beach Apparel issued 16,000 shares of $1 par value stock for $5 per share. What is true about the journal entry to record the

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South Beach Apparel issued 16,000 shares of $1 par value stock for $5 per share. What is true about the journal entry to record the issuance? Multiple Choice Debit Common Stock $16,000 Credit Additional Pald.in Capital $16.000 Credit Additional Paid-In Capital $64.000

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