26 Nexis Corp. issues 2,070 shares of $10 par value common stock at $16...
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Accounting
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Nexis Corp. issues 2,070 shares of $10 par value common stock at $16 per share. When the transaction is recorded, what credit entry or entries are made? a. Common Stock $20,700 and Paid-in Capital in Excess of Par Value $12,420. b. Common Stock $12,420 and Retained Earnings $20,700. c. Common Stock $33,120. d. Common Stock $20,700 and Paid-in Capital in Excess of Stated Value $12,420
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