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Entity H issued 4,000 shares of its $2 par value common stock for $15 per...

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Accounting

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Entity H issued 4,000 shares of its $2 par value common stock for $15 per share. Which of the following statements is correct? Hint: Make the journal entry first. Cash should be credited for $60,000 Common stock should be credited for $8,000. Common stock should be credited for $60,000. Paid-in-capital-in-excess-of-par-value should be debited for $52,000

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