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Question
cey, inc. issued 5,000 shares of stock at a stated value of $10/share. the total issue of stock sold for $15/share. the journal entry to record this transaction would include a
a.debit to cash for $50,000
b.credit to common stock for $50,000
c.credit to paid-in capital in excess of par value for $25,000
d.credit to common stock for $75,000
Answer
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