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Waterway, Inc. issued 16900 shares of stock with a stated value of $10 per share. The total issue of stock sold for $16 per

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Waterway, Inc. issued 16900 shares of stock with a stated value of $10 per share. The total issue of stock sold for $16 per share. The journal entry to record this transaction would include a O credit to Paid-in Capital in Excess of Par for $270400. O credit to Common Stock for $169000. O credit to Common Stock for $270400. O debit to Cash for $169000.

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