/connect.html Help A company issued 60 shares of $100 par value common stock for $7000...
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/connect.html Help A company issued 60 shares of $100 par value common stock for $7000 cash. The journal entry to record the issuance is: Debit Cash $7.000, cred t Paid-in Capital in Excess of Per Value. Common Stock $6.000. credit Common Stock $1,000 Debit Investment in Common Stock $7,000 credit Cash $7.000 Debit Cosh $7.000 credit Common Stock $7.000
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