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If Coronado Company issues 8000 shares of $5 par value common stock for $161000, the...

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Accounting

If Coronado Company issues 8000 shares of $5 par value common stock for $161000, the account:

Paid-in Capital in Excess of Par will be credited for $161000.

Cash will be debited for $121000.

Common Stock will be credited for $40000.

Paid-in Capital in Excess of Par will be credited for $40000.

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