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Jarrett Company issued 600 shares of no-par common stock for $8,800. Which of the following...

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Accounting

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Jarrett Company issued 600 shares of no-par common stock for $8,800. Which of the following journal entries would be made if the stock has no stated value? Select one: O A. Cash 8,800 Common Stock 600 Paid-in Capital in Excess of Stated Value 8,200 B. Cash 8,800 8,800 Common Stock C. Common Stock 8,800 8,800 Cash D. 8,800 Cash Common Stock 600 Paid-in Capital in Excess of Par 8,200

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