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The Logan Company issued 140 shares of its $12 par value stock for $14 per...

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Accounting

The Logan Company issued 140 shares of its $12 par value stock for $14 per share. The entry to record the receipt of cash and issuance of the stock would include a

A. debit to Cash for $1,680 and a credit to Common Stock for $1,680.

B. debit to Cash for $1,960.

C. credit to Common Stock for $1,960.

D. debit to Discount on Common Stock for $280.

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