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Beamer Co. issued 50,000 shares of $0.01 par common stock for $230,000. Which of the following will Beamer Co. record as part of the journal entry for this transaction?A- Credit to Common Stock for $229,500B- Credit to Paid-In Capital—Excess of Par for $230,000C- Credit to Common Stock for $500D- Credit to Paid-In Capital—Excess of Par for $500
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