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What is the credit balance in the common stock

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Question - A new company issued 6,000 shares of $8 par common stock for $67,800. Next issued 18,000 shares of $8 par common stock in exchange for land when the stock was trading for $14 per share. The company the declared a 2% stock dividend and distributed the stock.

What is the credit balance in the common stock account after these transactions?

Reference no: EM132189424

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