MrBryant Invested $50,000 Cash in a New Corporation

Multiple Choice

Mr.Bryant invested $50,000 cash in a new corporation.The new corporation will record this transaction with a debit to_____.

A) Retained Earnings and a credit to Cash for $50,000
B) Cash and a credit to Retained Income for $50,000
C) Paid-in Capital and a credit to Retained Earnings for $50,000
D) Cash and a credit to Paid-in Capital for $50,000