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8.A1 Merchandising Company issued 900 shares of no-par common stock for $17,100....

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Question

Accounting

8.A1 Merchandising Company issued 900 shares of no-par common stock for $17,100. Which of
the following journal entries would be made if the stock has no stated value?
a. Cash
b. Cash
c. Cash
Common Stock
Paid-in Capital in Excess of Stated Value
d. Common Stock
Cash
17,100
17,100
17,100
900
16,200
17,100
900
16,200
17,100
17,100
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