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journal entry






Required information When stock is issued, its par or stated value is credited to the stock account and any excess is credite
On January 15, Pinkney, Inc., issued 10,000 shares of $10 par value common stock in exchange for land and a building. Five ye
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date general journal debit credit 15-Jan $ 45,000 $ 95,000 Land Building Common Stock Paid in Capital in Excess of Par-Common

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