Jarrett Company issued 600 shares of no-par common stock for $8,800. Which of the following journal...

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Jarrett Company issued 600 shares of no-par common stock for $8,800. Which of the following journal entries would be made if the stock has no stated value? Select one: А. Cash 8,800 Common Stock 600 Paid-in Capital in Excess of Stated Value 8,200 В. Cash 8,800 Common Stock 600 Paid-in Capital in Excess of Par 8,200 C. Cash 8,800 Common Stock 8,800 D. Common Stock 8,800 Cash 8,800 B. Jarrett Company issued 600 shares of no-par common stock for $8,800. Which of the following journal entries would be made if the stock has no stated value? Select one: А. Cash 8,800 Common Stock 600 Paid-in Capital in Excess of Stated Value 8,200 В. Cash 8,800 Common Stock 600 Paid-in Capital in Excess of Par 8,200 C. Cash 8,800 Common Stock 8,800 D. Common Stock 8,800 Cash 8,800 B.

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