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BBC Co. issues 7,000 stocks of its common stock for $255,000 cash, under each of...

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Accounting

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BBC Co. issues 7,000 stocks of its common stock for $255,000 cash, under each of the following separate situations: a) The stock has neither PAR nor STATED value. b) The stock has a $30 PAR value. c) The stock has a $40 stated value. Required: Journal entry

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