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A corporation issued 180 shares of its $5 par value common stock in payment of...

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Accounting

A corporation issued 180 shares of its $5 par value common stock in payment of a $2,600 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include:
Multiple Choice
A $2,600 debit to Common Stock.
A $2,600 credit to Cash.
A $900 debit to Organization Expenses.
A $1,700 credit to Paid-in Capital in Excess of Par Value, Common Stock.
A $2,600 credit to Common Stock.

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