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34 q. I need answer ASAP! When Wisconsin...

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Accounting

34 q.

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I need answer ASAP!

When Wisconsin Corporation was formed on January 1, the corporate charter provided for 117,100 shares of $11 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 7/400 shares of stock at a price of $29 per share. The entry to record the above transaction would include a Oa. credit to Common Stock for $214,600 Ob. credit to Paid-in Capital in Excess of Par for $133,200 Oc. debit to Common stock for $117.100 Od. debit to Cash for $81.400

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