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Zarek Corporation issued 8 , 0 0 0 shares of $ 1 stated value common stock for $ 8 per share on July 7 .

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Zarek Corporation issued 8,000 shares of $1 stated value common stock for $8 per share on July 7. Record the stock issuance. (Record debits first, then credits. Select the explanation on the last line of
the journal entry table.)
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