Geronimo Company Issued 20,000 Shares of $1 Par Value Common

Multiple Choice

Geronimo Company issued 20,000 shares of $1 par value common stock at $10 per share.Ms.Elgin,the bookkeeper,recorded this transaction with a $200,000 debit to Cash and a $200,000 credit to Common Stock.As a result of this entry:

A) total assets will be overstated.
B) Additional Paid-In Capital will be understated.
C) total stockholders' equity will be understated.
D) equity will be overstated.