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A corporation issues 2,800 shares of common stock for $89,600. The stock has a stated...

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Accounting

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A corporation issues 2,800 shares of common stock for $89,600. The stock has a stated value of $18 per share. What amount of credit to Common Stock would the journal entry to record the stock issuance include? Select the correct answer $39.200 $89,600 $2,800 $50,400

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