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ABC sells 400 shares of its $23 par common stock for $27. The entry would...

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Accounting

ABC sells 400 shares of its $23 par common stock for $27. The entry would be entail credits to: a. Cash for $9,200.

b. paid in cash excess of Par-Common for $800; common stock for $10,800.

c. Paid -in capital in Excess of Par-Common for $1,600; common stock for $9,200.

d. Common Stock for $10,800.

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