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If a corporation issues 7,000 shares of $1 par value common stock for $10,000, the...

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Accounting

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If a corporation issues 7,000 shares of $1 par value common stock for $10,000, the joumal entry would include a credit to: A. Retained Earnings for $7,000. B. Common Stock for $10,000. C. Paid - in Capital in Excess of Par-Common for $10,000. D. Common Stock for $7,000

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