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If Baylor Company issues 8,000 shares of $5 par value common stock for $280,000, Question...

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Accounting

If Baylor Company issues 8,000 shares of $5 par value common stock for $280,000,

Question 3 options: Paid-In Capital in Excess of Par will be credited for $40,000.

Common Stock will be credited for $280,000.

Cash will be debited for $240,000.

Paid-In Capital in Excess of Par will be credited for $240,000.

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