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If Baylor Company issues 8,000 shares of $5 par value common stock for $280,000, a....

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Accounting

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If Baylor Company issues 8,000 shares of $5 par value common stock for $280,000, a. Common Stock will be credited for $280,000. Paid In Capital in Excess of Par will be credited for $40,000. b. c. Paid In Capital in Excess of Par will be credited for $240,000. d. Cash will be debited for $240,000

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