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20-12-2022
Business

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south beach apparel issued 10,000 shares of $1 par value stock for $5 per share. what is true about the journal entry to record the issuance? rev: 11 19 2020 qc cs-241541, 11 21 2020 qc cs-241541 multiple choice credit additional paid-in capital $10,000. credit common stock $50,000. credit additional paid-in capital $40,000. debit common stock $10,000.

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