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If Sheridan Company issues 7500 shares of $10 par value common stock for $375000, the...

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Accounting

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If Sheridan Company issues 7500 shares of $10 par value common stock for $375000, the account Paid-in Capital in Excess of Par Value will be credited for $75000. Paid-in Capital in excess of Par Value will be credited for $375000. Cash will be debited for 5300000 Common Stock will be credited for $75000

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