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When Bunyan Corporation was formed on January 1, the corporate charter provided for 83,200 shares of $7 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 83,200 shares of $7 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 8,150 shares of stock at a price of $27 per share. Which of the following would be included when recording the transaction? Select the correct answer. Odebit to Cash for $57,050 credit to Paid-in Capital in Excess of Par for $163,000 Odebit to Common Stock for $83,200 Ocredit to Common Stock for $220,050

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