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19-11-2021
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When a company issues of shares of $0.10 par value common stock for $10 per share, it will record a

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anthougo anthougo

03-12-2021

The company will record a credit to Additional Paid-in Capital for $9.90 ($10 - $0.10) multiplied by the number of shares issued.

The other credit entry goes to the Common Stock account for $0.10 multiplied by the number of shares issued.

The debit entry goes to the Cash account for $10 multiplied by the number of shares issued.

Thus, the company will record a credit to Additional Paid-in Capital and Common Stock and a debit to the Cash account.

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