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When Bunyan Corporation was formed on January 1, the corporate charter provided for 93,000 shares of $12 par value common stock. The following transaction was
When Bunyan Corporation was formed on January 1, the corporate charter provided for 93,000 shares of $12 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 8,940 shares of stock at a price of $29 per share. Which of the following would be included when recording the transaction? Select the correct answer. Odebit to Cash for $107,280 O credit to Paid-in Capital in Excess of Par for $151,980 Odebit to Common Stock for $93,00o Ocredit to Common Stock for $259,260
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