Multiple Choice
An owner makes an investment of cash into the business and receives shares of stock.This transaction is recorded as a:
A) debit to Common Stock and a credit to Cash.
B) debit to Cash and a credit to Common Stock.
C) debit to Cash and a credit to Retained Earnings.
D) debit to Cash and a credit to Stockholder Revenue.
Correct Answer:
Verified
Correct Answer:
Verified
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