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Whale Company issued 2 million shares of no-par common stock at an issue price of $5 per share. The journal entry to record this issuance
Whale Company issued 2 million shares of no-par common stock at an issue price of $5 per share. The journal entry to record this issuance would include: a credit to Paid-in Capital in Excess of Par-Common for $2 million a credit to Common Stock of $10 million a credit to Cash of $10 million a credit to Common Stock of $8 million
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