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A new corporation issuing a common,_
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Request Description

A new corporation issuing a common, no-par value stock for cash would include a journal entry a debit to _____. 

A.   paid-in capital and a credit to retained earnings.

B.   cash and a credit to common stock. C.   retained earnings and a credit to cash. D.   cash and a credit to retained income. 

Solution Description

6) A new corporation issuing a common, no-par value stoc