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When a company issues 37,000 shares of $3 par value common stock for $30 per share, the journal entry for this issuance would include: A
When a company issues 37,000 shares of $3 par value common stock for $30 per share, the journal entry for this issuance would include: |
A credit to Common Stock for $1,110,000A credit to Additional Paid-in Capital for $999,000A debit to Additional Paid-in Capital for $111,000A debit to Cash for $111,000
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