The journal entry to issues 1,000,000 shares of $6 par common stock for $8.00 per share on January 2nd would be:

Finance

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The journal entry to issues 1,000,000 shares of $6 par common stock for $8.00 per share on January 2nd would be:

A) Cash
Common stock
Additional paid-in capital
B) Cash
Common stock
C) Cash
Additional Paid-in capital
Common stock
D) Cash
Common stock

Answer: A

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