Office Space,Inc

Multiple Choice

Office Space,Inc.sold 30,000 shares of its no-par value common stock at a cash price of $10 per share.The entry to record this transaction would be:

A) Debit Cash $300,000; credit Common Stock $300,000.
B) Debit Cash for $30,000; credit Common Stock $30,000.
C) Debit Common Stock $300,000; credit Cash $300,000.
D) Debit Cash $300,000; credit Preferred Stock $300,000.
E) Debit Cash $30,000; credit Preferred Stock $30,000.