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Splish Brothers inc. issued 5000 shares of stock at a stated value of $10/ share. The total issue of stock sold for $13/ share. The

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Splish Brothers inc. issued 5000 shares of stock at a stated value of $10/ share. The total issue of stock sold for $13/ share. The journal entry to record this transaction would include a credit to Paid-in Capital in Excess of Par Value for $15000. debit to Cash for $50000. credit to Common Stock for $50000. credit to Common $ tock for $65000

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