MsJessica Duffy Purchased 1 Share of $10 Par Value Common

Multiple Choice

Ms.Jessica Duffy purchased 1 share of $10 par value common stock from Ohio Corporation for $50 per share.Ms.Duffy sold that share to Mike Truesdale for $60 per share.As a result of the sale by Duffy to Truesdale sale,Ohio Corporation would:

A) debit Cash and credit Additional Paid-in Capital for $10.
B) debit Cash and credit Common Stock for $10.
C) debit Common Stock and credit Additional Paid-in Capital for $10.
D) not debit or credit any of its accounts.