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When Bunyan Corporation was formed on January 1, the corporate charter provided for 103,800 shares of $5 par value common stock. The following transaction was

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When Bunyan Corporation was formed on January 1, the corporate charter provided for 103,800 shares of $5 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 6,050 shares of stock at a price of $28 per share. Which of the following would be included when recording the transaction? Select the correct answer. O debit to Common Stock for $103,800 O debit to Cash for $30,250 credit to Common Stock for $169,400 credit to Paid-in Capital in Excess of Par for $139,150

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