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Business, 27.12.2019 04:31 laylay120

Alliance corp. issues 2,330 shares of $8 par value common stock at $17 per share. when the transaction is recorded, what credit entry or entries are made? select the correct answer. a. common stock $39,610. b. common stock $18,640 and paid-in capital in excess of stated value $20,970. c. common stock $18,640 and paid-in capital in excess of par value $20,970.d. common stock $20,970 and retained earnings $18,640.

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